Hazelview Securities Inc. Grows Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Hazelview Securities Inc. boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 14.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,730 shares of the financial services provider’s stock after buying an additional 7,230 shares during the quarter. CBRE Group accounts for approximately 1.0% of Hazelview Securities Inc.’s investment portfolio, making the stock its 25th largest position. Hazelview Securities Inc.’s holdings in CBRE Group were worth $5,293,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of CBRE Group during the 4th quarter worth about $381,164,000. Wellington Management Group LLP boosted its position in shares of CBRE Group by 164.1% during the fourth quarter. Wellington Management Group LLP now owns 4,505,177 shares of the financial services provider’s stock valued at $419,387,000 after buying an additional 2,799,097 shares during the period. Parnassus Investments LLC bought a new position in shares of CBRE Group during the fourth quarter valued at approximately $104,277,000. Harris Associates L P grew its stake in shares of CBRE Group by 4.5% during the fourth quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider’s stock valued at $1,489,919,000 after buying an additional 683,225 shares during the last quarter. Finally, Eminence Capital LP purchased a new stake in shares of CBRE Group in the third quarter worth approximately $45,494,000. Institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CBRE shares. Jefferies Financial Group started coverage on CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective for the company. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Evercore ISI increased their target price on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CBRE Group has an average rating of “Hold” and an average target price of $99.50.

CBRE Group Price Performance

Shares of CBRE stock traded down $0.41 on Wednesday, reaching $87.89. 599,205 shares of the company were exchanged, compared to its average volume of 1,675,728. The company has a market cap of $26.97 billion, a price-to-earnings ratio of 27.31 and a beta of 1.41. The business has a 50-day moving average price of $87.74 and a 200 day moving average price of $89.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $98.65.

CBRE Group (NYSE:CBRE) last released its earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The business had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 earnings per share. Equities research analysts forecast that CBRE Group, Inc. will post 4.5 earnings per share for the current fiscal year.

CBRE Group Profile

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 management services, such as marketing, building engineering, accounting, and financial services on a contractual basis 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.