CBRE Group, Inc. (NYSE:CBRE) Sees Significant Drop in Short Interest
by Teresa Graham · The Cerbat GemCBRE Group, Inc. (NYSE:CBRE – Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 2,991,129 shares, a decrease of 25.2% from the November 30th total of 3,998,178 shares. Based on an average daily volume of 1,385,468 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.0% of the shares of the company are short sold. Currently, 1.0% of the shares of the company are short sold. Based on an average daily volume of 1,385,468 shares, the days-to-cover ratio is presently 2.2 days.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CBRE. KBC Group NV boosted its position in CBRE Group by 4.4% during the second quarter. KBC Group NV now owns 248,956 shares of the financial services provider’s stock valued at $34,883,000 after purchasing an additional 10,438 shares during the last quarter. Choreo LLC raised its stake in shares of CBRE Group by 42.0% during the 2nd quarter. Choreo LLC now owns 10,129 shares of the financial services provider’s stock worth $1,419,000 after purchasing an additional 2,995 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of CBRE Group by 57.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 829,150 shares of the financial services provider’s stock worth $116,180,000 after purchasing an additional 301,980 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of CBRE Group by 154.6% during the 2nd quarter. Intech Investment Management LLC now owns 330,617 shares of the financial services provider’s stock valued at $46,326,000 after buying an additional 200,772 shares during the last quarter. Finally, CW Advisors LLC bought a new stake in shares of CBRE Group in the 2nd quarter valued at approximately $985,000. 98.41% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
CBRE has been the topic of a number of recent research reports. Barclays started coverage on shares of CBRE Group in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $190.00 target price for the company. 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. Morgan Stanley upped their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods upgraded shares of CBRE Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $168.00 to $185.00 in a research report on Monday, December 15th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus target price of $177.25.
Get Our Latest Research Report on CBRE
CBRE Group Price Performance
Shares of CBRE stock opened at $160.79 on Thursday. The firm has a fifty day simple moving average of $158.00 and a 200-day simple moving average of $154.49. The company has a market capitalization of $47.85 billion, a PE ratio of 39.70 and a beta of 1.33. CBRE Group has a twelve month low of $108.45 and a twelve month high of $171.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49.
CBRE Group (NYSE:CBRE – Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.15. The firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.CBRE Group’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Equities research analysts anticipate that CBRE Group will post 5.99 earnings per share for the current fiscal year.
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.