
Paramount Group (PGRE) Stock Forecast & Price Target
Paramount Group (PGRE) Analyst Ratings
Bulls say
Paramount Group Inc. has demonstrated strong market performance, with its share price increasing by 54.6% since the announcement of a strategic review aimed at maximizing shareholder value, significantly outperforming the broader real estate index by 5,290 basis points. The company is expected to achieve above-average net effective rent growth compared to its peers in the office REIT sector, driven by favorable dynamics in its key markets of New York City and San Francisco. Additionally, potential upside risks include increased tenant demand leading to higher occupancy rates and rent growth, as well as a continued preference for high-quality office spaces within the Paramount portfolio.
Bears say
Paramount Group Inc has experienced a significant decline in total portfolio occupancy, dropping by 1,670 basis points since the third quarter of 2020, which has adversely impacted its stock price, reflecting an approximately 68% decline from pre-pandemic levels. The company faces additional risks including weaker-than-expected demand from TAMI tenants, which could further depress rental income, and slower retail sales growth that may reduce demand for vacant retail spaces. Furthermore, higher interest rates are likely to increase terminal capitalization rates, thereby decreasing net asset value estimates and contributing to a negative outlook for the stock.
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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