CBRE Group, Inc. (CBRE)

NYSE: CBRE · IEX Real-Time Price · USD
87.08
+1.11 (1.29%)
Jul 2, 2024, 4:00 PM EDT - Market closed
1.29%
Market Cap 26.72B
Revenue (ttm) 32.47B
Net Income (ttm) 995.11M
Shares Out 306.82M
EPS (ttm) 3.19
PE Ratio 27.30
Forward PE 16.81
Dividend n/a
Ex-Dividend Date n/a
Volume 800,681
Open 86.07
Previous Close 85.97
Day's Range 85.74 - 87.09
52-Week Range 64.63 - 98.65
Beta 1.41
Analysts Buy
Price Target 99.50 (+14.26%)
Earnings Date Jul 25, 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]

Sector Real Estate
IPO Date Jun 10, 2004
Employees 130,000
Stock Exchange NYSE
Ticker Symbol CBRE
Full Company Profile

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 Statements

Analyst Forecast

According to 6 analysts, the average rating for CBRE stock is "Buy." The 12-month stock price forecast is $99.5, which is an increase of 14.26% from the latest price.

Price Target
$99.5
(14.26% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

1 day ago - Business Wire

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...

7 days ago - PRNewsWire

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...

7 days ago - PRNewsWire

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...

8 days ago - Business Wire

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...

13 days ago - Invezz

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...

13 days ago - Business Wire

CBRE Enhances, Differentiates Data Center Capabilities with Acquisition of Direct Line Global

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today announced the acquisition of Direct Line Global, a premier provider of mission-critical data center infrastructure for the world's leading t...

14 days ago - Business Wire

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for June 2024 and Availability of 19(a) Notice

NEW YORK , June 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for June 2024 of $0.1250 pe...

Other symbols: MEGI
18 days ago - PRNewsWire

CBRE Expands Climate Risk Assessment Capabilities with Climate X Agreement, Enabling Enhanced Actionable Sustainability Insights

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today announced expanded capabilities to provide comprehensive climate risk data for property investors and occupiers to accelerate their sustaina...

19 days ago - Business Wire

Forbes Names CBRE a Net Zero Leader for Second Consecutive Year

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) has been named to Forbes' Net Zero Leaders list for the second consecutive year. CBRE is the highest-ranked commercial real estate services compan...

27 days ago - Business Wire

Zimmer Biomet Outlines Strategy to Deliver Above Market Growth at 2024 Investor Day

Presents Path for Compelling and Durable Topline Growth, Improved Operational Profitability and Increased Free Cash Flow Generation Details New Capital Allocation Priorities and Commitment to Strategi...

4 weeks ago - PRNewsWire

EV+ Partners with CBRE to Expand EV Charging Network

Companies are focused on properties where electric vehicle drivers most often want to charge: multifamily complexes, hotels, hospitals and healthcare-related facilities DALLAS , May 16, 2024 /PRNewswi...

6 weeks ago - PRNewsWire

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for May 2024 and Availability of 19(a) Notice

NEW YORK , May 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for May 2024 of $0.1250 per ...

Other symbols: MEGI
7 weeks ago - PRNewsWire

Chandni Luthra to Join CBRE to Lead Investor Relations and Financial Planning & Analysis

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) today announced that Chandni Luthra will join the company on June 3 as Executive Vice President with responsibility for Investor Relations and Fi...

2 months ago - Business Wire

CBRE Group, Inc. Reports Financial Results for First-Quarter 2024

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the first quarter ended March 31, 2024. Consolidated Financial Results Overview The following table presents ...

2 months ago - Business Wire

The Revitalized Queen City Quarter Announces "QCQ @ 5" Event in Charlotte

CHARLOTTE, N.C., April 23, 2024 /PRNewswire/ -- Queen City Quarter, Charlotte's premier destination for shopping, dining, and entertainment, is thrilled to announce its "QCQ @ 5" event series occurrin...

2 months ago - PRNewsWire

4 Stock Picks to Play a Commercial-Real-Estate Bottom, Says Analyst

William Blair suggests buying shares of CBRE Group, Jones Lang LaSalle, Colliers International, and Cushman & Wakefield, which service commercial properties.

Other symbols: CIGICWKJLL
2 months ago - Barrons

Trade Tracker: Josh Brown sells CBRE Group

Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain why he sold the commercial real estate name.

2 months ago - CNBC Television

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for April 2024 and Availability of 19(a) Notice

NEW YORK , April 12, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for April 2024 of $0.1250 ...

Other symbols: MEGI
2 months ago - PRNewsWire

REYN, LKQ, VMC, CBRE: Stocks to Watch

Stocks are selling off after a hot CPI print. Bryant VanCronkhite discusses this, as well as the equity market outlook.

Other symbols: LKQREYNVMC
2 months ago - Schwab Network

CBRE Group, Inc. Announces Details of Conference Call and Webcast for First Quarter 2024 Financial Results

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) will release its first quarter 2024 financial results at approximately 6:55 a.m. Eastern time on Friday, May 3, 2024. Management will hold a conf...

3 months ago - Business Wire

CBRE Streamlines Leadership of its Two Real Estate Services Business Segments

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today announced that Chief Operating Officer Vikram Kohli will assume direct oversight of the company's two real estate services business segments...

3 months ago - Business Wire

Fortune Names CBRE One of America's Most Innovative Companies

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today announced that it has been named to Fortune's Most Innovative Companies roster for the second year in a row. Less than 2% of the companies e...

3 months ago - Business Wire

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for March 2024 and Availability of 19(a) Notice

NEW YORK , March 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for March 2024 of $0.1250 ...

Other symbols: MEGI
3 months ago - PRNewsWire

CBRE Named as One of the 2024 World's Most Ethical Companies for 11th Consecutive Year

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) has received the 2024 World's Most Ethical Companies® recognition from Ethisphere, a global leader in defining and advancing the standards of ethi...

4 months ago - Business Wire