CBRE Group, Inc. (CBRE)
Market Cap | 39.17B |
Revenue (ttm) | 34.31B |
Net Income (ttm) | 958.00M |
Shares Out | 300.80M |
EPS (ttm) | 3.10 |
PE Ratio | 41.96 |
Forward PE | 22.63 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,660,305 |
Open | 131.34 |
Previous Close | 132.00 |
Day's Range | 130.03 - 132.42 |
52-Week Range | 76.63 - 137.93 |
Beta | 1.39 |
Analysts | Buy |
Price Target | 116.83 (-10.29%) |
Earnings Date | Oct 24, 2024 |
About CBRE
CBRE Group, Inc. operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property man... [Read more]
Financial Performance
In 2023, CBRE Group's revenue was $31.95 billion, an increase of 3.64% compared to the previous year's $30.83 billion. Earnings were $986.00 million, a decrease of -29.92%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for CBRE stock is "Buy." The 12-month stock price forecast is $116.83, which is a decrease of -10.29% from the latest price.
News
CBRE Group: Real Estate Stock That Benefits From Rate Cuts And Infrastructure Spend
CBRE Group consistently beats earnings estimates, raised its 2024 outlook, and plans increased share buybacks, indicating confidence in undervalued stock. The recent Federal Funds rate cut has boosted...
CBRE: Still Bullish Considering Above-Expectations Results And Positive Guidance Revision
I maintain a Buy rating for CBRE, driven by strong Q3 results and expectations of substantial earnings growth for FY 2024 and FY 2025. CBRE's Q3 2024 revenue and non-GAAP adjusted EPS exceeded expecta...
CBRE Group, Inc. (CBRE) Q3 2024 Earnings Call Transcript
CBRE Group, Inc. (NYSE:CBRE) Q3 2024 Results Conference Call October 24, 2024 8:30 AM ET Company Participants Chandni Luthra - Executive Vice President, Head of FP&A and Investor Relations Bob Sulent...
CBRE Group, Inc. Reports Financial Results for Third-Quarter 2024
DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the third quarter ended September 30, 2024. Key Highlights: GAAP EPS up 20% to $0.73; Core EPS up 67% to $1.2...
CBRE Named to 100 Best Corporate Citizens of 2024
DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) has been named to 3BL's annual 100 Best Corporate Citizens ranking for the sixth consecutive year. CBRE advanced 24 spots to rank No. 45 overall a...
Jim Cramer analyzes the top performers of Q3
'Mad Money' host Jim Cramer looks back at the third quarter's top performers.
Cramer reviews the S&P 500's top ten performers during the third quarter
On Tuesday, CNBC's Jim Cramer told investors to remember the market's solid performance over the past quarter, suggesting things have broadened considerably beyond Big Tech. He reviewed the top perfor...
CBRE Group, Inc. Announces Details of Conference Call and Webcast for Third Quarter 2024 Financial Results
DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) will release its third quarter 2024 financial results at approximately 6:55 a.m. Eastern time on Thursday, October 24, 2024. Management will hold...
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for September 2024 and Availability of 19(a) Notice
NEW YORK , Sept. 16, 2024 /PRNewswire/ -- NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for September 2024 of $0.1250 ...
GMH Communities Names Residential Buildings at Central Station in Downtown Phoenix
The mixed-use development, slated to open in mid 2025, will transform downtown Phoenix with apartments, student housing, office, and retail space PHILADELPHIA , Sept. 10, 2024 /PRNewswire/ -- GMH Comm...
Redaptive Expands Denver Footprint with Move to New LoDo HQ
The over 25K-square-foot space will provide room to accommodate the sustainability company's impressive growth DENVER , Aug. 21, 2024 /PRNewswire/ -- Redaptive , renowned for its data and sustainab...
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for August 2024 and Availability of 19(a) Notice
NEW YORK , Aug. 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for August 2024 of $0.1250 ...
Zimmer Biomet Announces Second Quarter 2024 Financial Results
Second quarter net sales of $1.942 billion increased 3.9% and 5.6% on a constant currency1 basis Second quarter diluted earnings per share were $1.18; adjusted1 diluted earnings per share were $2.01 T...
CBRE: Staying Positive With Beat-And-Raise Quarter
CBRE's Q2 2024 EBITDA and EPS beat the sell-side analysts' consensus forecasts by +9.9% and +14.3%, respectively. The company raised its full-year bottom-line guidance by +7.9%, and the updated outloo...
CBRE Group, Inc. (CBRE) Q2 2024 Earnings Call Transcript
CBRE Group, Inc. (NYSE:CBRE) Q2 2024 Results Conference Call July 25, 2024 8:30 AM ET Company Participants Chandni Luthra - Executive Vice President, Head of FP&A and Investor Relations Bob Sulentic ...
CBRE Group, Inc. Reports Financial Results for Second-Quarter 2024
DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the second quarter ended June 30, 2024. Key Highlights: Revenue up 9%; net revenue up 11% Resilient Business(...
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for July 2024 and Availability of 19(a) Notice
NEW YORK , July 15, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for July 2024 of $0.1250 pe...
Gunjan Soni to Join CBRE Group Board of Directors
DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) today announced that Gunjan Soni, a senior executive with deep technology and international business experience, has been appointed to the compan...
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Announces Portfolio Manager Update Webinar Thursday, July 18, 2024
NEW YORK, July 3, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) (the "Fund") has announced a webinar with the portfolio management team, led by Jeremy Anag...
CBRE Group, Inc. Announces Details of Conference Call and Webcast for Second Quarter 2024 Financial Results
DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) will release its second quarter 2024 financial results at approximately 6:55 a.m. Eastern time on Thursday, July 25, 2024. Management will hold a...
Joint Venture Launches Project Scarlet -- a $100+ Million, Mixed-use Development in the Heart of Downtown Cleveland
Two Cleveland-based companies join forces to transform a historic Downtown building into a boutique hotel and modern multifamily apartments. CLEVELAND , June 25, 2024 /PRNewswire/ -- In a strategic co...
Bucharest's Newest Luxury Destination - H Știrbei Palace by HAGAG Development Europe - is set to place Romania on the Map of Luxury Shopping Destinations
BUCHAREST, Romania , June 25, 2024 /PRNewswire/ -- Real estate investor-developer HAGAG Development Europe (TASE: HGGE) and leading real estate consulting agency CBRE Romania have recently signed an e...
CBRE Group, Inc. Announces Plans to Combine Project Management Business with its Turner & Townsend Subsidiary
DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today announced that the company plans to combine its Project Management business with Turner & Townsend, its majority-owned subsidiary that provi...
CBRE buys Direct Line to benefit from ‘digitisation of global economy'
CBRE Group (NYSE: CBRE) just announced plans of buying Direct Line Global from Guardian Capital Partners. Its shares have been in a downtrend over the past three months and are down another 1.0% on W...
Guardian Capital Partners Exits Portfolio Company, Direct Line Global, to CBRE Group, Inc.
WAYNE, PA.--(BUSINESS WIRE)--Guardian Capital Partners (“Guardian”) is pleased to announce the sale of its portfolio company, Direct Line Global (“Direct Line” or the “Company”) to CBRE Group, Inc. (N...