Paramount Group Inc (NYSE:PGRE) had declared a cash dividend of $0.0950 on Jun 15, 2016. The shares will quote ex-dividend on Jun 28, 2016 and the record date has been fixed for Jun 30, 2016. On Jun 15, 2016 share price, the yield comes out to be 2.3750%. The dividend payable date has been fixed on Jul 15, 2016.
In a different note, On Mar 29, 2016, Bank of America said it Downgrades its rating on Paramount Group Inc. The shares have been rated ‘Neutral’ by the firm. Cowen & Company said it Initiates Coverage on Paramount Group Inc, according to a research note issued on Mar 28, 2016. The shares have been rated ‘Market Perform’ by the firm.
Paramount Group Inc (PGRE) made into the market gainers list on Tuesdays trading session with the shares advancing 0.19% or 0.03 points. Due to strong positive momentum, the stock ended at $16.16, which is also near the day’s high of $16.21. The stock began the session at $16.15 and the volume stood at 6,70,408 shares. The 52-week high of the shares is $18.56 and the 52 week low is $14.23. The company has a current market capitalization of $3,443 M and it has 21,30,36,510 shares in outstanding.
Paramount Group Inc(PGRE) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $172.92M. Analysts had an estimated revenue of $168.16M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.21.
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.