NYSE:PGRE - Paramount 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 20.0% and is now trading at $8.08. View which stocks have been mosted impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last year. There are currently 1 sell rating, 1 hold rating 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, May 6th 2020. View our earnings forecast for Paramount Group.

Paramount Group Inc (NYSE:PGRE) posted its quarterly earnings results on Wednesday, February, 12th. The financial services provider reported ($0.22) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.25 by $0.47. The financial services provider had revenue of $190.49 million for the quarter, compared to the consensus estimate of $199 million. Paramount Group had a negative net margin of 4.44% and a negative return on equity of 0.72%. View Paramount Group's earnings history.

Paramount Group announced a quarterly dividend on Friday, March 13th. Stockholders 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 4.95%. The ex-dividend date is Monday, March 30th. View Paramount Group's dividend history.

Paramount Group updated its FY20 earnings guidance on Wednesday, February, 12th. The company provided EPS guidance of $1.00 to $1.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.97.

4 Wall Street analysts have issued 12-month target prices for Paramount Group's stock. Their forecasts range from $13.00 to $17.00. On average, they anticipate Paramount Group's stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 85.6% from the stock's current price. View analysts' price targets for Paramount Group.

News coverage about PGRE stock has been trending very negative on Wednesday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Paramount Group earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutParamount Group.

Paramount Group saw a drop in short interest in March. As of March 13th, there was short interest totaling 3,985,400 shares, a drop of 9.6% from the February 27th total of 4,410,000 shares. Based on an average trading volume of 1,630,000 shares, the short-interest ratio is presently 2.4 days. Currently, 2.1% 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 VICI Properties (VICI), ANNALY CAP MGMT/SH (NLY), Klepierre (KLPEF), Vornado Realty Trust (VNO), CyrusOne (CONE), American Homes 4 Rent (AMH), Iron Mountain (IRM), Kilroy Realty (KRC), AmeriCold Realty Trust (COLD), Regency Centers (REG), AGNC Investment (AGNC), Omega Healthcare Investors (OHI), Federal Realty Investment Trust (FRT), National Retail Properties (NNN) and Gaming and Leisure Properties (GLPI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Paramount Group investors own include Cypress Semiconductor (CY), Apple Hospitality REIT (APLE), Physicians Realty Trust (DOC), Host Hotels and Resorts (HST), Kimco Realty (KIM), Medical Properties Trust (MPW), AGNC Investment (AGNC), Diversified Healthcare Trust (DHC), Michaels Companies (MIK) and Sabra Health Care REIT (SBRA).

(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."

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 $8.08.

Paramount Group has a market capitalization of $1.84 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. View additional information about Paramount Group.

The official website for Paramount Group is http://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]