CBRE Group, Inc. (NYSE:CBRE) Short Interest Update

CBRE Group, Inc. (NYSE:CBRE) was the recipient of a significant drop in short interest during 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 trading volume of 1,385,468 shares, the short-interest ratio is currently 2.2 days. Currently, 1.0% of the shares of the company are sold short. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 1,385,468 shares, the short-interest ratio is currently 2.2 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CBRE shares. Morgan Stanley upped their target price on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Barclays started coverage on shares of CBRE Group in a report on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 price target for the company. Keefe, Bruyette & Woods upgraded shares of CBRE Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $168.00 to $185.00 in a research report on Monday, December 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Finally, UBS Group upped 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. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.25.

Institutional Investors Weigh In On CBRE Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AIA Group Ltd bought a new stake in CBRE Group during the third quarter worth approximately $1,734,000. Hudson Bay Capital Management LP acquired a new position in shares of CBRE Group during the 3rd quarter valued at $1,129,000. Allworth Financial LP raised its stake in shares of CBRE Group by 72.9% in the 3rd quarter. Allworth Financial LP now owns 1,511 shares of the financial services provider’s stock worth $238,000 after buying an additional 637 shares in the last quarter. IFP Advisors Inc raised its stake in shares of CBRE Group by 49.7% in the 3rd quarter. IFP Advisors Inc now owns 1,606 shares of the financial services provider’s stock worth $253,000 after buying an additional 533 shares in the last quarter. Finally, Swiss Life Asset Management Ltd lifted its holdings in shares of CBRE Group by 58.6% in the third quarter. Swiss Life Asset Management Ltd now owns 96,135 shares of the financial services provider’s stock valued at $15,147,000 after buying an additional 35,531 shares during the period. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $0.99 during midday trading on Tuesday, reaching $163.18. 675,689 shares of the company traded hands, compared to its average volume of 1,371,423. CBRE Group has a 52 week low of $108.45 and a 52 week high of $171.00. The stock has a 50-day moving average price of $158.06 and a 200 day moving average price of $154.45. 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 price-to-earnings ratio of 40.29 and a beta of 1.33.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The firm 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%. CBRE Group’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Sell-side analysts anticipate that CBRE Group will post 5.99 earnings per share for the current fiscal year.

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.