Paramount Group, Inc. [PGRE] Stock Forecast

When the oppression of the pandemic on labor became too much to bear, laborers revolted; remote work's convenience and flexibility have created an office exodus.

Paramount Group owns and operates Class-A office properties in key submarkets in New York City and San Francisco. In a previous update, I cited concerns regarding their tenant concentration to First Republic Bank, which has since been sold to JPMorgan.

Paramount Group, Inc. (NYSE:PGRE ) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Tom Hennessy - Investor Relations Albert Behler - Chairman, Chief Executive Officer and President Wilbur Paes - Chief Operating Officer, Chief Financial Officer, and Treasurer Peter Brindley - Executive Vice President and Head, Real Estate Conference Call Participants Steve Sakwa - Evercore ISI Blaine Heck - Wells Fargo Vikram Malhotra - Mizuho Derek Johnston - Deutsche Bank Ronald Kamdem - Morgan Stanley Michael Manos - Green Street Operator Good day, ladies and gentlemen. Thank you for standing by.

Paramount Group (PGRE) came out with quarterly funds from operations (FFO) of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to FFO of $0.25 per share a year ago.

Strong Small-Cap Insider Buys: Q1 2023.

The REIT sector gave up most of January's big gains in February with a -6.18% total return. Small cap (-7.42%) and mid cap (-6.05%) REITs fell the furthest in February, with micro caps (-5.15%) and large caps (-4.74%) seeing smaller declines.

Paramount Group owns and operates Class-A office properties in two primary markets, New York and San Francisco. The company is reporting promising strength in their largest market, New York, which represents more than 70% of their business.

Paramount Group, Inc. (NYSE:PGRE ) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET Company Participants Tom Hennessy - Vice President of Business Development and Investor Relations Albert Behler - Chairman, Chief Executive Officer, and President Wilbur Paes - Chief Operating Officer, Chief Financial Officer, and Treasure Peter Brindley - Executive Vice President, Head of Real Estate Conference Call Participants Steve Sakwa - Evercore Blaine Heck - Wells Fargo Vikram Malhotra - Mizuho Derek Johnston - Deutsche Bank Dylan Bazinsky - Green Street Operator Good day, ladies and gentlemen. Thank you for standing by.

Paramount Group (PGRE) delivered FFO and revenue surprises of 0% and 0.68%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

After bringing you the first installment covering large-cap insider buys last week, today's article will focus on exciting insider movements on small caps in the fourth quarter. Three out of five of our last quarter small-cap picks have outperformed the market since the end of the last quarter, including PROG Holdings, Ranpak, and Jeld-Wen.

Paramount Group, Inc. is a US stock , located in New york of Ny and trading under the symbol PGRE

8 stock analysts have 8 predictions with a medium analyst target price of $8.56. The lowest prediction is $6 and the highest is $11

Paramount Group, Inc. stock price is $4.255 today.

Yes, Paramount Group, Inc. is a publicly traded company.