
Paramount Group (PGRE) Stock Forecast & Price Target
Paramount Group (PGRE) Analyst Ratings
Bulls say
Paramount Group Inc has experienced a notable increase of 54.6% in its share price since the announcement of a strategic review aimed at maximizing shareholder value, significantly outperforming the broader real estate index by 5,290 basis points. This positive momentum is underpinned by expectations of above-average net effective rent growth within key markets, particularly in New York City and San Francisco, driven by robust tenant demand and the appeal of the company's high-quality office assets. Furthermore, potential increases in occupancy rates and favorable rental growth in 2023 could further enhance the company's financial performance and shareholder returns.
Bears say
Paramount Group has experienced a significant decline in total portfolio occupancy, which has decreased by 1,670 basis points since the third quarter of 2020, leading to a notable ~68% pull-back in its share price from pre-pandemic levels. Additionally, the company faces several financial risks including weaker-than-expected demand from technology, advertising, media, and information (TAMI) tenants, sluggish retail sales growth affecting vacant retail spaces, and the potential for higher interest rates to increase terminal cap rates, thus lowering net asset value estimates. Collectively, these factors contribute to a negative outlook for Paramount Group's stock performance.
This aggregate rating is based on analysts' research of Paramount Group and is not a guaranteed prediction by Public.com or investment advice.
Paramount Group (PGRE) Analyst Forecast & Price Prediction
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