KBW analyst Jade Rahmani maintained a Hold rating on CBRE Group (CBRE – Research Report) yesterday and set a price target of $96.00. The company’s shares closed yesterday at $83.34.
Rahmani covers the Real Estate sector, focusing on stocks such as Starwood Property, Granite Point Mortgage, and CBRE Group. According to TipRanks, Rahmani has an average return of 16.9% and a 76.28% success rate on recommended stocks.
CBRE Group has an analyst consensus of Hold, with a price target consensus of $91.75.
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CBRE market cap is currently $25.91B and has a P/E ratio of 45.31.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CBRE in relation to earlier this year.
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CBRE Group (CBRE) Company Description:
CBRE Group, Inc. engages in the provision of commercial real estate and investment services. It operates through the following segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services. The Americas segment comprises of operations throughout the United States and Canada as well as markets in Latin America. The EMEA segment offers full range of services concentrated on the commercial property sector, such as leasing, property sales, valuation services, asset management services, and occupier outsourcing. The Asia Pacific segment commercial real estate services. The Global Investment Management segment consist of investment management services to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors seeking to generate returns and diversification through investment in real estate. The Development Services segment develops and invests in commercial real estate across a wide spectrum of property types, including: industrial, office and retail properties; healthcare facilities of all types; and residential/mixed-use projects. The company was founded by Colbert Coldwell in 1906 and is headquartered in Los Angeles, CA.
Read More on CBRE:
- MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for January 2024 and Availability of 19(a) Notice
- CBRE Group downgraded to In Line from Outperform at Evercore ISI
- CBRE Group files automatic mixed securities shelf
- MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for December 2023 and Availability of 19(a) Notice
