CBRE Group (NYSE:CBRE) posted its earnings results on Tuesday. The financial services provider reported $1.45 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.94 by $0.51, RTT News reports. CBRE Group had a net margin of 4.48% and a return on equity of 16.83%. The company had revenue of $6.91 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the business posted $1.32 earnings per share. The business's revenue for the quarter was down 2.9% compared to the same quarter last year.
Shares of NYSE:CBRE traded up $6.05 during midday trading on Tuesday, hitting $81.30. The stock had a trading volume of 21,308 shares, compared to its average volume of 1,757,467. The company's 50-day moving average price is $65.52 and its 200-day moving average price is $56.23. The company has a market capitalization of $27.27 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 1.77 and a beta of 1.57. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.27. CBRE Group has a fifty-two week low of $29.17 and a fifty-two week high of $75.95.
A number of research analysts have recently commented on the stock. Raymond James lifted their price objective on shares of CBRE Group from $59.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, January 22nd. JPMorgan Chase & Co. lifted their price objective on shares of CBRE Group from $52.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, December 21st. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Monday, January 25th. They issued a "buy" rating and a $74.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of CBRE Group from $47.00 to $54.00 and gave the stock a "neutral" rating in a research note on Monday, November 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. The stock currently has a consensus rating of "Hold" and a consensus price target of $57.29.
In other news, CEO Daniel G. Queenan sold 659 shares of the business's stock in a transaction that occurred on Tuesday, December 1st. The shares were sold at an average price of $61.99, for a total value of $40,851.41. Following the completion of the transaction, the chief executive officer now directly owns 150,250 shares in the company, valued at approximately $9,313,997.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Chandra Dhandapani sold 2,589 shares of the business's stock in a transaction that occurred on Friday, November 27th. The shares were sold at an average price of $61.02, for a total transaction of $157,980.78. Following the completion of the transaction, the insider now owns 89,329 shares of the company's stock, valued at $5,450,855.58. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.
CBRE Group Company Profile
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.
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20 High-Yield Dividend Stocks that Could Ruin Your Retirement Portfolio
Almost everyone loves a company that pays strong dividends. Who doesn't like receiving a check every quarter for simply owning a stock--especially if that stock is paying you back 4%, 5% or even 10% of its share price in annual income each year?. In a world where 10-year treasuries are yielding just above 2%, it seems hard to go wrong when buying a stock that's yielding significantly above the going rates on fixed-income assets. Unfortunately, the market rarely offers a free lunch.
While high-yield stocks may have a lot of near-term attractiveness, those same high-yields can often signal significant danger ahead. In some cases, it might mean that the company's dividend will stop growing or won't grow as fast as it used to. Worse yet, the company could cut its dividend, reduce the income you receive from owning the stock and drive down the value of the shares that you own.
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View the "20 High-Yield Dividend Stocks that Could Ruin Your Retirement Portfolio".