Receptor for parathyroid hormone and for parathyroid hormone-related peptide. The activity of this receptor is mediated by G proteins which activate adenylyl cyclase and also a phosphatidylinositol-calcium second messenger system. Interacts (via N-terminal extracellular domain) with PTHLH and PTH (PubMed:12153143). Homodimer in the absence of bound ligand. Peptide hormone binding leads to dissociation of the homodimer (By similarity). High levels in the kidney, with much lower levels in aorta, heart, lung, prostate, testis, and skeletal muscle. N-glycosylated. Belongs to the G-protein coupled receptor 2 family.