NYSE:PGREParamount Group Stock Price, Forecast & News

Paramount Group's stock was trading at $10.10 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PGRE shares have decreased by 27.2% and is now trading at $7.35. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Paramount Group.

Paramount Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Paramount Group.

Paramount Group will be holding an earnings conference call on Wednesday, July 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Paramount Group Inc (NYSE:PGRE) issued its quarterly earnings data on Wednesday, April, 29th. The financial services provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.25 by $0.24. The financial services provider earned $184 million during the quarter, compared to analysts' expectations of $190.53 million. Paramount Group had a negative return on equity of 0.77% and a negative net margin of 4.54%. Paramount Group's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share. View Paramount Group's earnings history.

Paramount Group announced a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.10 per share on Wednesday, July 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend is Monday, June 29th. View Paramount Group's dividend history.

5 brokers have issued 1 year price objectives for Paramount Group's shares. Their forecasts range from $9.00 to $17.00. On average, they anticipate Paramount Group's share price to reach $12.60 in the next year. This suggests a possible upside of 71.4% from the stock's current price. View analysts' price targets for Paramount Group.

Press coverage about PGRE stock has trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Paramount Group earned a news impact score of 2.0 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news about Paramount Group.

Paramount Group saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 6,190,000 shares, an increase of 27.1% from the June 15th total of 4,870,000 shares. Based on an average daily trading volume, of 2,230,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 3.3% of the shares of the company are short sold. View Paramount Group's Current Options Chain.

Some companies that are related to Paramount Group include Lamar Advertising (LAMR), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Klepierre (KLPEF), Healthcare Trust Of America (HTA), Apartment Investment and Management (AIV), Store Capital (STOR), CubeSmart (CUBE), Douglas Emmett (DEI), Kimco Realty (KIM), First Industrial Realty Trust (FR), Rexford Industrial Realty (REXR), CoreSite Realty (COR), Eastgroup Properties (EGP) and American Campus Communities (ACC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Paramount Group investors own include Cypress Semiconductor (CY), Physicians Realty Trust (DOC), Host Hotels and Resorts (HST), Kimco Realty (KIM), Ring Energy (REI), Ring Energy (REI), AGNC Investment (AGNC), American Homes 4 Rent (AMH), Brixmor Property Group (BRX) and Conduent (CNDT).

(PGRE) raised $2.3 billion in an IPO on Wednesday, November 19th 2014. The company issued 131,000,000 shares at a price of $16.00-$19.00 per share. BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities and Deutsche Bank Securities acted as the underwriters for the IPO and Citigroup, Credit Suisse, Goldman Sachs, J.P. Morgan, RBC Capital Markets and UBS Investment Bank were co-managers.

Paramount Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PGRE."

Paramount Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Diversified Trust Co (0.01%). Company insiders that own Paramount Group stock include Alexander Otto and Katharina Otto-Bernstein. View institutional ownership trends for Paramount Group.

PGRE stock was bought by a variety of institutional investors in the last quarter, including Diversified Trust Co. View insider buying and selling activity for Paramount Group.

Shares of PGRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PGRE stock can currently be purchased for approximately $7.35.

Paramount Group has a market capitalization of $1.66 billion and generates $769.18 million in revenue each year. The financial services provider earns $-36,900,000.00 in net income (profit) each year or $0.98 on an earnings per share basis. Paramount Group employs 321 workers across the globe.

The official website for Paramount Group is www.paramount-group.com.

Paramount Group's mailing address is 1633 BROADWAY SUITE 1801, NEW YORK NY, 10019. The financial services provider can be reached via phone at 212-237-3100 or via email at [email protected]