Paramount Group (PGRE) Tops Q3 EPS by 1c ; Offers Guidance

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Go back to Paramount Group (PGRE) Tops Q3 EPS by 1c ; Offers Guidance

Paramount Group (PGRE) PT Raised to $6 at Evercore ISI

November 1, 2024 5:42 AM EDT

Evercore ISI analyst Steve Sakwa raised the price target on Paramount Group (NYSE: PGRE) to $6.00 (from $5.00) while maintaining a In Line rating.

The analyst comments "After publishing our initial take (here) on PGREs Q3 results and listening to the conference call, our FY24 core FFO estimate remains unchanged at $0.78 while our 25 estimate increases by 1¢ to $0.66. Driven by better portfolio operations, management raised FY24 guidance by 1¢ at the midpoint to a new range of $0.78 - $0.80 but we remain cautious as the known vacates and sluggish leasing environment... More