CBRE Group (NYSE:CBRE) Hits New 12-Month High – What’s Next?

CBRE Group, Inc. (NYSE:CBRE)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $171.24 and last traded at $170.6520, with a volume of 1260983 shares changing hands. The stock had previously closed at $164.90.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays boosted their target price on shares of CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group boosted their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $185.00 to $192.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Morgan Stanley lifted their price objective on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $182.14.

CBRE Group Trading Up 3.5%

The stock has a market capitalization of $50.78 billion, a price-to-earnings ratio of 42.14 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average of $159.74 and a two-hundred day moving average of $156.51.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.11 billion. During the same period in the previous year, the company earned $1.20 earnings per share. CBRE Group’s revenue for the quarter was up 13.5% on a year-over-year basis. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Institutional Investors Weigh In On CBRE Group

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of CBRE Group by 0.8% during the 3rd quarter. State Street Corp now owns 13,839,768 shares of the financial services provider’s stock worth $2,180,594,000 after acquiring an additional 105,586 shares during the period. Principal Financial Group Inc. lifted its position in shares of CBRE Group by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock worth $1,491,855,000 after buying an additional 809,796 shares during the period. Geode Capital Management LLC boosted its stake in CBRE Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 8,249,441 shares of the financial services provider’s stock valued at $1,158,068,000 after buying an additional 134,160 shares in the last quarter. Invesco Ltd. grew its position in CBRE Group by 16.1% in the third quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock valued at $981,795,000 after acquiring an additional 862,656 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in CBRE Group by 13.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider’s stock worth $704,610,000 after acquiring an additional 532,151 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

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.