CBRE Group, Inc. (NYSE:CBRE) Sees Large Decrease in Short Interest
by Mitch Edgeman · The Markets DailyCBRE Group, Inc. (NYSE:CBRE – Get Free Report) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 2,991,129 shares, a drop 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 company’s stock are sold short. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 1,385,468 shares, the days-to-cover ratio is presently 2.2 days.
Wall Street Analyst Weigh In
Several brokerages recently commented on CBRE. Barclays began coverage on CBRE Group in a report on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 target price on the stock. Morgan Stanley lifted 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. UBS Group boosted their target price on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Keefe, Bruyette & Woods raised shares of CBRE Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $168.00 to $185.00 in a report on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. 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 presently has an average rating of “Moderate Buy” and a consensus target price of $177.25.
Read Our Latest Stock Report on CBRE Group
CBRE Group Stock Down 0.6%
CBRE traded down $0.99 during trading on Tuesday, hitting $163.18. The company had a trading volume of 675,689 shares, compared to its average volume of 1,371,423. CBRE Group has a 1-year low of $108.45 and a 1-year high of $171.00. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $48.56 billion, a PE ratio of 40.29 and a beta of 1.33. The business has a 50-day moving average of $158.06 and a 200-day moving average of $154.45.
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 for the quarter, topping the consensus estimate of $1.46 by $0.15. The company had revenue of $10.26 billion during the quarter, compared to analyst estimates of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. As a group, analysts forecast that CBRE Group will post 5.99 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in CBRE. AIA Group Ltd acquired a new stake in shares of CBRE Group during the 3rd quarter valued at approximately $1,734,000. Hudson Bay Capital Management LP bought a new stake in CBRE Group during the third quarter valued at $1,129,000. Allworth Financial LP raised its holdings in shares of CBRE Group by 72.9% during the third quarter. Allworth Financial LP now owns 1,511 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 637 shares during the period. IFP Advisors Inc raised its holdings in shares of CBRE Group by 49.7% during the third quarter. IFP Advisors Inc now owns 1,606 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 533 shares during the period. Finally, Swiss Life Asset Management Ltd lifted its position in shares of CBRE Group by 58.6% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 96,135 shares of the financial services provider’s stock worth $15,147,000 after buying an additional 35,531 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.
About CBRE Group
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.