Hazelview Securities Inc. Buys 7,230 Shares of CBRE Group, Inc. (NYSE:CBRE)

Hazelview Securities Inc. grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 14.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,730 shares of the financial services provider’s stock after acquiring 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 biggest position. Hazelview Securities Inc.’s holdings in CBRE Group were worth $5,293,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC lifted its stake in CBRE Group by 190.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 326 shares during the last quarter. Headinvest LLC acquired a new stake in shares of CBRE Group during the third quarter valued at about $44,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CBRE Group during the fourth quarter worth about $45,000. Bruce G. Allen Investments LLC acquired a new position in shares of CBRE Group in the fourth quarter valued at approximately $48,000. Finally, Planned Solutions Inc. bought a new position in CBRE Group in the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

CBRE has been the subject of several analyst reports. Evercore ISI raised their price target 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. StockNews.com downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Jefferies Financial Group assumed coverage on CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target on the stock. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $99.50.

CBRE Group Price Performance

Shares of CBRE stock traded down $0.41 on Wednesday, reaching $87.89. The company’s stock had a trading volume of 599,205 shares, compared to its average volume of 1,675,728. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $98.65. The stock’s 50 day simple moving average is $87.74 and its 200-day simple moving average is $89.43. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $26.97 billion, a P/E ratio of 27.31 and a beta of 1.41.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The firm had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. During the same quarter last year, the company posted $0.92 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts predict that CBRE Group, Inc. will post 4.5 earnings per share for the current fiscal year.

CBRE Group Company 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.