CBRE Group, Inc. (CBRE) is a leading global provider of commercial real estate services. Headquartered in Dallas, Texas, it operates across every dimension of the industry, offering brokerage, property management, investment management, consulting, and valuation services to clients worldwide. The company has a market capitalization of $39.73 billion, making it a “large-cap” stock.
CBRE’s shares reached a 52-week high of $174.27 on Feb. 10, but are down 24% from that level. The company’s stock declined amid investor concerns about commercial real estate fundamentals, high interest rates, and risks of an economic slowdown. Over the past three months, the stock has declined 17.4%. On the other hand, the broader Nasdaq Composite ($NASX) index is down 3.7% over the same period.
