
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 alternatives review aimed at maximizing shareholder value, outperforming the broader real estate index by a notable 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 anticipated stronger tenant demand and occupancy rates in key markets like New York City and San Francisco. Additionally, the preference among tenants for high-quality office spaces aligns well with Paramount's portfolio, potentially further enhancing its revenue generation prospects.
Bears say
Paramount Group has experienced a significant decline in total portfolio occupancy, dropping by 1,670 basis points since the third quarter of 2020, indicating weakening demand for its office space. This decline has contributed to a roughly 68% pull-back in the company's share price from its pre-pandemic highs, signaling market concerns regarding its operational stability. Additional risks include potential weaker demand from tenants, slower retail sales, and rising interest rates, all of which may negatively impact rental income and overall valuation.
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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