Property Management Equities Update -- CBRE Group, WP GLIMCHER, Zillow Group, and Paramount Group

Jul 21, 2016, 07:40 ET from Chelmsford Park SA

NEW YORK, July 21, 2016 /PRNewswire/ --

Property Management firms are constantly competing for quality delivery, maintenance, and control. In recent months, demand for the industry services is on the rise. Under review for this morning on are the following equities: CBRE Group Inc. (NYSE: CBG), WP GLIMCHER Inc. (NYSE: WPG), Zillow Group Inc. (NASDAQ: Z), and Paramount Group Inc. (NYSE: PGRE). Register today for free and get the notes on these stocks at:

CBRE Group  

At the close on Wednesday, shares in Los Angeles, California headquartered CBRE Group Inc. rose 1.52%, ending the day at $28.10. The stock recorded a trading volume of 2.53 million shares. The Company's shares are trading below their 50-day moving average by 0.87%. Moreover, shares of CBRE Group, which operates as a commercial real estate services and investment company worldwide, have a Relative Strength Index (RSI) of 54.83.

On July 08th, 2016, CBRE Group announced that it will release its second quarter 2016 financial results on July 28th, 2016 before the opening bell. Management will hold a conference call to discuss these results at 8:00 a.m. Eastern time on the same day. See our complete notes on CBG at:


Shares in WP GLIMCHER Inc., which operates independently of Simon Property Group Inc. as of May 2014, ended the day 0.16% lower at $12.57 and with a total volume of 2.59 million shares traded. In the last month and the previous three months, the stock has surged 18.70% and 28.34%, respectively. Moreover, the Company's shares have advanced 24.75% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 15.96% and 26.23%, respectively. Furthermore, shares of WP GLIMCHER have an RSI of 75.12.

On June 20th 2016, WP GLIMCHER announced the resignation of Michael P. Glimcher from the role of Chief Executive Officer of the company as well as Vice Chairman and Director of the Board, as well as the proposed change of the Company's name to Washington Prime Group Inc. The Company expects to take a charge associated with the management changes and investigation of strategic alternatives in the second quarter of 2016. WP Glimcher Inc.'s Board appointed Mr. Louis G. Conforti, a current director of the Company, as Interim Chief Executive Officer.

On July 15th, 2016, research firm Goldman downgraded the Company's stock rating from 'Buy' to 'Neutral'. The complimentary notes on WPG can be accessed at:

Zillow Group  

On Wednesday, shares in Seattle, Washington headquartered Zillow Group Inc. finished 1.44% higher at $38.05 with a total volume of 1.46 million shares traded. The stock has advanced 9.46% in the last one month, 63.73% over the previous three months, and 62.05% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 18.44% and 47.71%, respectively. Additionally, shares of Zillow Group, which operates real estate and home-related information marketplaces on mobile and the Web in the U.S., have an RSI of 73.40.

On June 21st, 2016, Zillow Group announced that CEO Spencer Rascoff is hosting a new podcast series, "Office Hours with Spencer Rascoff," which debuted on the same day in the iTunes Store. In each episode, Rascoff will be joined by a prominent guest for a candid conversation about leadership, management, building a strong company culture, and how the role of the CEO is changing and guiding a company in the digital age.  Rascoff's first guest was Dick Costolo, entrepreneur and former CEO of Twitter. Upcoming episodes will feature Michael Corbat, Citigroup CEO; Sallie Krawcheck, Ellevest CEO; Joel Spolsky, Stack Overflow CEO and Trello co-founder; and Scott Svenson, Mod Pizza CEO. Register for free on and access the latest notes on Z at:

Paramount Group  

New York-based Paramount Group Inc.'s shares recorded a trading volume of 1.38 million shares at the end of yesterday's session, which was higher than their three months average volume of 867,650 shares. The stock closed the day at $16.91, gaining 0.42%. The Company's shares have advanced 5.49% in the last one month and 5.36% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 4.51% and 2.48%, respectively. Additionally, shares of Paramount Group, which invests in Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco, have an RSI at 67.18.

On July 14th, 2016, Paramount Group announced that it will report its second quarter 2016 financial results on August 4th, 2016 after the close of trading. The company will host a conference call and audio webcast on the same day at 5:30 p.m. Eastern Time. Get free access to your notes on PGRE at:


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