Paramount Group Stock Forecast, Price & 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 (WHO). Since then, PGRE shares have decreased by 30.0% and is now trading at $7.07.
View which stocks have been most impacted by COVID-19.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last year. There are currently 3 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, November 4th 2020.
View our earnings forecast for Paramount Group.

Paramount Group Inc (NYSE:PGRE) posted its earnings results on Wednesday, July, 29th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.23 by $0.27. The financial services provider earned $171.12 million during the quarter, compared to the consensus estimate of $179.54 million. Paramount Group had a negative return on equity of 1.08% and a negative net margin of 6.18%. The business's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS.
View Paramount Group's earnings history.

Paramount Group declared a quarterly dividend on Wednesday, September 16th. Investors of record on Wednesday, September 30th will be given a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 5.66%. The ex-dividend date is Tuesday, September 29th.
View Paramount Group's dividend history.

6 brokers have issued 1-year target prices for Paramount Group's shares. Their forecasts range from $8.00 to $17.00. On average, they anticipate Paramount Group's stock price to reach $11.33 in the next twelve months. This suggests a possible upside of 60.3% from the stock's current price.
View analysts' price targets for Paramount Group.

Paramount Group saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 7,710,000 shares, an increase of 37.4% from the August 15th total of 5,610,000 shares. Based on an average daily volume of 2,060,000 shares, the short-interest ratio is presently 3.7 days. Currently, 4.1% of the shares of the stock are sold short.
View Paramount Group's Short Interest.

Some companies that are related to Paramount Group include CubeSmart (CUBE), Kilroy Realty (KRC), National Retail Properties (NNN), Federal Realty Investment Trust (FRT), Rexford Industrial Realty (REXR), Healthcare Trust Of America (HTA), Eastgroup Properties (EGP), Apartment Investment and Management (AIV), First Industrial Realty Trust (FR), CoreSite Realty (COR), Life Storage (LSI), Kimco Realty (KIM), American Campus Communities (ACC), Stag Industrial (STAG) and Douglas Emmett (DEI).
View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Paramount Group investors own include Simon Property Group (SPG), Advanced Micro Devices (AMD), Host Hotels and Resorts (HST), Kimco Realty (KIM), Kinder Morgan (KMI), AGNC Investment (AGNC), American Homes 4 Rent (AMH), Bed Bath & Beyond (BBBY), Cisco Systems (CSCO) and Cypress Semiconductor (CY).

(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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.03%), Presima Inc. (2.00%), LSV Asset Management (1.54%), Charles Schwab Investment Management Inc. (1.28%), AJO LP (1.20%) and Goldman Sachs Group Inc. (0.70%). 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 Vanguard Group Inc., Nuveen Asset Management LLC, Charles Schwab Investment Management Inc., AJO LP, Prudential Financial Inc., Strs Ohio, First Trust Advisors LP, and Bank of America Corp DE.
View insider buying and selling activity for Paramount Group.

PGRE stock was bought by a variety of institutional investors in the last quarter, including LSV Asset Management, AQR Capital Management LLC, Presima Inc., Nordea Investment Management AB, Balyasny Asset Management LLC, Cubist Systematic Strategies LLC, Goldman Sachs Group Inc., and Jane Street Group LLC.
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 $7.07.

Paramount Group has a market capitalization of $1.57 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]