CBRE Group (NYSE:CBRE – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
Several other equities analysts also recently commented on CBRE. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Barclays increased their price objective on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Evercore set a $169.00 price objective on CBRE Group in a report on Tuesday, June 30th. Finally, Weiss Ratings downgraded shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.86.
Read Our Latest Analysis on CBRE
CBRE Group Stock Up 0.0%
CBRE Group (NYSE:CBRE – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.48. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The company had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the company posted $0.86 EPS. The company’s revenue was up 18.1% compared to the same quarter last year. Equities analysts predict that CBRE Group will post 7.75 EPS for the current fiscal year.
Insider Activity
In related news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the transaction, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at $14,476,709.46. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On CBRE Group
A number of institutional investors have recently modified their holdings of CBRE. Fidelis Capital Partners LLC grew its stake in shares of CBRE Group by 1.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,408 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 59 shares during the last quarter. Community Bank & Trust Waco Texas raised its position in CBRE Group by 0.5% in the 4th quarter. Community Bank & Trust Waco Texas now owns 14,693 shares of the financial services provider’s stock worth $2,362,000 after purchasing an additional 70 shares during the last quarter. Centersquare Investment Management LLC raised its position in CBRE Group by 0.7% in the 4th quarter. Centersquare Investment Management LLC now owns 10,470 shares of the financial services provider’s stock worth $1,683,000 after purchasing an additional 70 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in CBRE Group by 16.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 505 shares of the financial services provider’s stock worth $81,000 after buying an additional 71 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in CBRE Group by 1.7% during the 3rd quarter. NewEdge Advisors LLC now owns 4,367 shares of the financial services provider’s stock worth $688,000 after buying an additional 71 shares in the last quarter. 98.41% of the stock is owned by institutional investors.
CBRE Group Company Profile
CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.
In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.
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