The price of CBRE Group Inc. (NYSE:CBRE) shares last traded on Wall Street fell -0.91% to $85.14.
CBRE stock price is now 1.84% away from the 50-day moving average and 8.69% away from the 200-day moving average. The market capitalization of the company currently stands at $25.86B.
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With the price target of $100, Citigroup recently initiated with Buy rating for CBRE Group Inc. (NYSE: CBRE). On January 27, 2023, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock keeping its target price maintained at $88, while ‘Raymond James’ rates the stock as ‘Strong Buy’.
In other news, Queenan Daniel G, CEO, Real Estate Investments sold 5,000 shares of the company’s stock on Dec 01. The stock was sold for $400,400 at an average price of $80.08. Upon completion of the transaction, the CEO, Real Estate Investments now directly owns 178,841 shares in the company, valued at $15.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, CEO, Real Estate Investments Queenan Daniel G sold 5,000 shares of the business’s stock. A total of $391,300 was realized by selling the stock at an average price of $78.26. This leaves the insider owning 183,841 shares of the company worth $15.65 million. Insiders disposed of 56,948 shares of company stock worth roughly $4.85 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CBRE stock. A new stake in CBRE Group Inc. shares was purchased by MAVERICK CAPITAL LTD during the first quarter worth $73,032,000. SOUTHPOINT CAPITAL ADVISORS LP invested $42,960,000 in shares of CBRE during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in CBRE Group Inc. valued at approximately $11,689,000. HTG INVESTMENT ADVISORS, INC. acquired a new stake in CBRE for approximately $11,012,000. AMP CAPITAL INVESTORS LTD purchased a new stake in CBRE valued at around $8,901,000 in the second quarter. In total, there are 1,080 active investors with 99.20% ownership of the company’s stock.
A candlestick chart of CBRE Group Inc. (NYSE: CBRE) showed a price of $86.25 on Monday morning. During the past 12 months, CBRE Group Inc. has had a low of $66.31 and a high of $94.21. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for CBRE is $83.60 and a two-hundred day moving average price translates $78.33 for the stock.
The latest earnings results from CBRE Group Inc. (NYSE: CBRE) was released for Sep, 2022. According to the Real Estate Services Company, earnings per share came in at $1.13, missing analysts’ expectations of $1.26 by -0.13. This compares to $2.04 EPS in the same period last year. The net profit margin was 4.60% and return on equity was 17.40% for CBRE. The company reported revenue of $8.19 billion for the quarter, compared to $8.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.16 percent. For the current quarter, analysts expect CBRE to generate $7.97B in revenue.
CBRE Group Inc.(CBRE) Company Profile
CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting. The Global Workplace Solutions segment offers facilities management, project management, and transaction management services. The Real Estate Investments segment provides investment management services under the CBRE Investment Management brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors; development services under the Trammell Crow Company brand primarily to users of and investors in commercial real estate; and flexible-space solutions under the CBRE Hana brand. The company was founded in 1906 and is headquartered in Dallas, Texas.
