Paramount Group Inc (NYSE:PGRE) had declared a cash dividend of $0.0950 on Sep 15, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 15, 2016 share price, the yield comes out to be 2.2552%. The dividend payable date has been fixed on Oct 14, 2016.
In a different note, BTIG Research said it Initiates Coverage on Paramount Group Inc, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm.
Paramount Group Inc (PGRE) shares turned negative on Tuesdays trading session with the shares closing down -0.26 points or -1.54% at a volume of 7,66,203. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17. The peak price level was also seen at $17 while the days lowest was $16.59. Finally the shares closed at $16.62. The 52-week high of the shares is $18.56 while the 52-week low is $14.23. According to the latest information available, the market cap of the company is $3,648 M.
Paramount Group Inc(PGRE) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $172.30M. Analysts had an estimated revenue of $159.90M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.20.
Several Insider Transactions has been reported to the SEC. On Mar 14, 2016, David P Oconnor (director) purchased 32,000 shares at $15.23 per share price.
Paramount Group Inc. (Paramount) is a real estate investment trust (REIT) focused on owning operating and managing Class A office properties in central business district submarkets of New York City Washington D.C. and San Francisco. Paramount conducts its business primarily through Paramount Group Operating Partnership LP. As of December 31 2014 Paramount’s portfolio consisted of 12 Class A office properties aggregating approximately 10.4 million square feet that was 93.9% leased. Paramount has an investment management business where it serves as the general partner and property manager of certain private equity real estate funds for institutional investors and high-net-worth individuals. Paramount’s private equity real estate funds (the Property Funds) invest in office buildings and related facilities primarily in New York City Washington D.C. and San Francisco. The Alternative Investment Funds invest in real estate related debt and preferred equity investments.