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 stock has decreased by 24.8% and is now trading at $7.60. 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) announced its quarterly earnings results on Wednesday, April, 29th. The financial services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.24. The financial services provider had revenue of $184 million for the quarter, compared to analysts' expectations 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 was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $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 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Monday, June 29th. View Paramount Group's dividend history.

5 Wall Street analysts have issued 1 year price objectives for Paramount Group's stock. 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 twelve months. This suggests a possible upside of 65.8% 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 group rates the sentiment of news 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 -2.8 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an effect on the company's share price in the immediate future. View the latest news about Paramount Group.

Paramount Group saw a drop in short interest in June. As of June 15th, there was short interest totaling 4,870,000 shares, a drop of 13.2% from the May 31st total of 5,610,000 shares. Based on an average trading volume of 2,370,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.6% of the company's stock are sold short. View Paramount Group's Current Options Chain.

Some companies that are related to Paramount Group include Kilroy Realty (KRC), Omega Healthcare Investors (OHI), 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), Kimco Realty (KIM), Douglas Emmett (DEI), First Industrial Realty Trust (FR), Rexford Industrial Realty (REXR) 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 initial public offering on Wednesday, November 19th 2014. The company issued 131,000,000 shares at $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."

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 $7.60.

Paramount Group has a market capitalization of $1.72 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]