
Paramount Group (PGRE) Stock Forecast & Price Target
Paramount Group (PGRE) Analyst Ratings
Bulls say
Paramount Group Inc. has experienced a significant increase in share price of 54.6% since the company announced a strategic review aimed at maximizing shareholder value, outperforming the broader real estate index by 5,290 basis points. The company is poised for above-average net effective rent growth compared to its peers in the office REIT sector, driven by high demand for its Class A office properties in key markets. Furthermore, potential upward risks include increased tenant demand and favorable rent growth in both New York City and San Francisco, along with continued preference for high-quality office assets within Paramount's portfolio.
Bears say
Paramount Group Inc. has shown a significant decline in total portfolio occupancy, which has decreased by 1,670 basis points since the third quarter of 2020, contributing to a sharp decrease in share price. The company's reliance on rental income, coupled with the challenges posed by weaker-than-expected demand from office-using tenants and slower retail sales growth, raises concerns regarding future revenue stability. Furthermore, the prospect of rising interest rates increasing terminal cap rates poses additional risks that could negatively affect net asset value estimates.
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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