NYSE:PGREParamount Group Stock Price, Forecast & News

Paramount Group's stock was trading at $10.10 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PGRE shares have decreased by 12.7% and is now trading at $8.82. 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 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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) issued its quarterly earnings results on Wednesday, April, 29th. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by $0.24. The financial services provider had revenue of $184 million for the quarter, compared to the consensus estimate of $190.53 million. Paramount Group had a negative net margin of 4.54% and a negative return on equity of 0.77%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. View Paramount Group's earnings history.

Paramount Group declared a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.10 per share on Wednesday, April 15th. This represents a $0.40 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Monday, March 30th. View Paramount Group's dividend history.

5 Wall Street analysts have issued 1 year price targets for Paramount Group's stock. Their forecasts range from $9.00 to $17.00. On average, they expect Paramount Group's stock price to reach $12.70 in the next year. This suggests a possible upside of 44.0% from the stock's current price. View analysts' price targets for Paramount Group.

Media stories about PGRE stock have been trending negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Paramount Group earned a coverage optimism score of -2.8 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the stock's share price in the near term. View the latest news aboutParamount Group.

Paramount Group saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 4,950,000 shares, an increase of 31.0% from the April 15th total of 3,780,000 shares. Based on an average daily volume of 2,420,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.6% 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), AGNC Investment (AGNC), Regency Centers (REG), Vereit (VER), Kilroy Realty (KRC), Klepierre (KLPEF), Federal Realty Investment Trust (FRT), AmeriCold Realty Trust (COLD), Store Capital (STOR), National Retail Properties (NNN), Healthcare Trust Of America (HTA), Kimco Realty (KIM), Apartment Investment and Management (AIV), Douglas Emmett (DEI) and CubeSmart (CUBE). 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 served 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.96%), State Street Corp (3.27%), Morgan Stanley (2.54%), Morgan Stanley (2.54%), Owl Creek Asset Management L.P. (2.27%) and Presima Inc. (1.69%). Company insiders that own Paramount Group stock include Alexander Otto and Katharina Otto-Bernstein. View institutional ownership trends for Paramount Group.

PGRE stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, Nuveen Asset Management LLC, Russell Investments Group Ltd., BlackRock Inc., Cipher Capital LP, JPMorgan Chase & Co., Colony Capital Inc., and Parametric Portfolio Associates LLC. View insider buying and selling activity for Paramount Group.

PGRE stock was purchased by a variety of institutional investors in the last quarter, including AJO LP, Owl Creek Asset Management L.P., Morgan Stanley, Morgan Stanley, State Street Corp, Legal & General Group Plc, Virginia Retirement Systems ET AL, and MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH. 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 $8.82.

Paramount Group has a market capitalization of $1.96 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]