Based in Dallas, Texas, CBRE Group, Inc. (CBRE) is a global provider of commercial real estate services and investment solutions. Valued at a market cap of $36.9 billion, the company operates internationally, offering a wide range of services to tenants, owners, and investors.
Companies worth $10 billion or more are generally described as “large-cap stocks.” CBRE effortlessly fits that bill, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the real estate services industry.
CBRE Group stands out as a global leader in commercial real estate, serving almost 90% of Fortune 100 companies with a wide range of integrated services. This broad capability allows the firm to deliver cost-efficient real estate solutions and drive better investment outcomes. Its diversified portfolio, spread across regions, property types, and services, reinforces its resilience against economic fluctuations.
CBRE currently hovers around its 52-week high of $122.59, which it touched in the last trading session. Over the past three months, CBRE stock has gained 38.1%, outperforming the S&P 500 Index’s ($SPX) 4.1% gains during the same time frame.
In the longer term, shares of CBRE climbed 31.6% on a YTD basis and surged 56.3% over the past 52 weeks, outpacing SPX’s YTD gains of 19.8% and solid 28.6% returns over the last year.
To confirm the bullish trend, CBRE has traded above its 50-day moving average since mid-July and over its 200-day moving average since late November.
CBRE stock jumped 9.3% on Jul. 25 following strong Q2 earnings results, which included higher revenue, improved profitability, and an upgraded full-year EPS forecast. This performance was driven by growth in CBRE's resilient business lines, particularly Global Workplace Solutions (GWS), which saw robust new client wins and expansions. The leasing business also excelled, with U.S. office leasing revenue boosted by strong demand in New York.
In the competitive arena of real estate services stocks, CoStar Group, Inc. (CSGP) has struggled to keep up with CBRE, falling 9.3% on a YTD basis and marginal decline over the past 52 weeks.
Wall Street analysts are reasonably optimistic about CBRE’s prospects. The stock has a consensus “Moderate Buy” rating from the 10 analysts covering it, and the stock currently trades above its mean price target of $117.67.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
