CBRE Group, Inc. (CBRE)

NYSE: CBRE · Real-Time Price · USD
119.50
+0.84 (0.71%)
Sep 16, 2024, 4:00 PM EDT - Market closed
0.71%
Market Cap 35.99B
Revenue (ttm) 33.14B
Net Income (ttm) 924.00M
Shares Out 301.21M
EPS (ttm) 2.98
PE Ratio 40.08
Forward PE 22.60
Dividend n/a
Ex-Dividend Date n/a
Volume 1,058,912
Open 119.13
Previous Close 118.66
Day's Range 117.91 - 120.52
52-Week Range 64.63 - 120.52
Beta 1.40
Analysts Buy
Price Target 110.29 (-7.71%)
Earnings Date Oct 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 7 analysts, the average rating for CBRE stock is "Buy." The 12-month stock price forecast is $110.29, which is a decrease of -7.71% from the latest price.

Price Target
$110.29
(-7.71% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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 ...

Other symbols: MEGI
7 hours ago - PRNewsWire

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...

6 days ago - PRNewsWire

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...

26 days ago - PRNewsWire

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 ...

Other symbols: MEGI
4 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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...

7 weeks ago - Seeking Alpha

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 ...

7 weeks ago - Seeking Alpha

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(...

7 weeks ago - Business Wire

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...

Other symbols: MEGI
2 months ago - PRNewsWire

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...

2 months ago - Business Wire

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...

Other symbols: MEGI
2 months ago - PRNewsWire

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...

2 months 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...

2 months 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...

2 months 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...

3 months 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...

3 months 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...

3 months 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...

3 months 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
3 months 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...

3 months 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...

3 months 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...

3 months 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...

4 months 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
4 months ago - PRNewsWire

CBRE: Leasing Recovery And Expense Optimization Will Be Key Earnings Drivers

The company expects a mid-teens percentage expansion in its earnings for this year, supported by leasing revenue growth and cost management initiatives.

4 months ago - Seeking Alpha