CBRE Group (NYSE:CBRE) Stock Price Down 12.4% - Here's Why

Key Points

• Shares of CBRE Group were down 12.4% intraday, trading as low as $152.79 and last at $149.26 on volume ~1.93M shares, about 44% above the average session volume.
• Analysts remain largely positive with seven Buys and one Hold, a consensus target of $182.14, and multiple recent price-target increases from firms including UBS, Keefe, Bruyette & Woods and Barclays.
• CBRE has a market capitalization of $44.28 billion, a P/E of 36.74, high institutional ownership (~98.4%), and 50-/200-day moving averages near $164.94 and $160.33 respectively.

Shares of CBRE Group, Inc. (NYSE:CBRE - Get Free Report) fell 12.4% during trading on Wednesday . The stock traded as low as $152.79 and last traded at $149.26. 1,925,879 shares traded hands during mid-day trading, an increase of 44% from the average session volume of 1,338,723 shares. The stock had previously closed at $170.33.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CBRE shares. UBS Group increased their target price on CBRE Group from $165.00 to $175.00 and gave the company a "neutral" rating in a report on Friday, October 24th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $185.00 to $192.00 and gave the stock an "outperform" rating in a research report on Thursday, January 8th. Weiss Ratings restated a "buy (b-)" rating on shares of CBRE Group in a report on Wednesday, January 21st. Finally, Barclays raised their price target on shares of CBRE Group from $190.00 to $192.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 13th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $182.14.

CBRE Group Stock Performance

The company has a market cap of $44.28 billion, a PE ratio of 36.74 and a beta of 1.34. The stock's 50 day simple moving average is $164.94 and its two-hundred day simple moving average is $160.33. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49.

Institutional Trading of CBRE Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ORG Partners LLC increased its position in shares of CBRE Group by 264.4% in the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider's stock worth $26,000 after acquiring an additional 119 shares in the last quarter. Navalign LLC purchased a new stake in CBRE Group during the 4th quarter worth $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in CBRE Group in the 2nd quarter valued at $30,000. Evelyn Partners Asset Management Ltd purchased a new position in CBRE Group in the second quarter valued at about $32,000. Finally, Ameriflex Group Inc. acquired a new position in shares of CBRE Group during the third quarter worth about $32,000. 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.

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