NYSE:PGREParamount Group Stock Price, Forecast & News

Paramount Group's stock was trading at $10.10 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PGRE shares have decreased by 29.4% and is now trading at $7.13. 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 Inc (NYSE:PGRE) released its quarterly earnings results on Wednesday, April, 29th. The financial services provider reported $0.01 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.25 by $0.24. The financial services provider had revenue of $184 million for the quarter, compared to analyst estimates of $190.53 million. Paramount Group had a negative net margin of 4.54% and a negative return on equity of 0.77%. Paramount Group's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. View Paramount Group's earnings history.

Paramount Group declared a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be paid 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 5.61%. The ex-dividend date is Monday, June 29th. View Paramount Group's dividend history.

5 equities research analysts have issued twelve-month price targets for Paramount Group's shares. Their forecasts range from $9.00 to $17.00. On average, they expect Paramount Group's share price to reach $12.60 in the next twelve months. This suggests a possible upside of 76.7% from the stock's current price. View analysts' price targets for Paramount Group.

Press coverage about PGRE stock has trended negative this week, according to InfoTrie. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Paramount Group earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact 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 in 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 short-interest ratio is presently 2.8 days. Approximately 3.3% of the company's shares are sold short. View Paramount Group's Current Options Chain.

Some companies that are related to Paramount Group include Federal Realty Investment Trust (FRT), Klepierre (KLPEF), National Retail Properties (NNN), Healthcare Trust Of America (HTA), Apartment Investment and Management (AIV), Store Capital (STOR), CubeSmart (CUBE), Kimco Realty (KIM), Douglas Emmett (DEI), Rexford Industrial Realty (REXR), First Industrial Realty Trust (FR), CoreSite Realty (COR), Eastgroup Properties (EGP), American Campus Communities (ACC) and Life Storage (LSI). 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 initial public offering (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 investors 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 $7.13.

Paramount Group has a market capitalization of $1.61 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]