Morgan Stanley analyst Ronald Kamdem maintained a Hold rating on CBRE Group (CBRE – Research Report) today and set a price target of $115.00. The company’s shares closed yesterday at $138.69.
Kamdem covers the Real Estate sector, focusing on stocks such as CBRE Group, Eastgroup Properties, and Healthpeak Properties. According to TipRanks, Kamdem has an average return of 3.5% and a 54.19% success rate on recommended stocks.
Currently, the analyst consensus on CBRE Group is a Moderate Buy with an average price target of $135.60.
CBRE market cap is currently $42.44B and has a P/E ratio of 44.64.
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CBRE in relation to earlier this year. Earlier this month, Emma E. Giamartino, the CFO of CBRE sold 1,815.00 shares for a total of $238,382.10.
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CBRE Group (CBRE) Company Description:
CBRE Group, Inc. engages in the provision of commercial real estate and investment services. It operates through the following segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services. The Americas segment comprises of operations throughout the United States and Canada as well as markets in Latin America. The EMEA segment offers full range of services concentrated on the commercial property sector, such as leasing, property sales, valuation services, asset management services, and occupier outsourcing. The Asia Pacific segment commercial real estate services. The Global Investment Management segment consist of investment management services to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors seeking to generate returns and diversification through investment in real estate. The Development Services segment develops and invests in commercial real estate across a wide spectrum of property types, including: industrial, office and retail properties; healthcare facilities of all types; and residential/mixed-use projects. The company was founded by Colbert Coldwell in 1906 and is headquartered in Los Angeles, CA.
