Wolfe Research analyst Andrew Rosivach downgrades Cushman & Wakefield (NYSE:CWK) from Outperform to Peer Perform.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/10/2024 | $13.00 | Buy | Jefferies |
| 4/9/2024 | Outperform → Peer Perform | Wolfe Research | |
| 4/3/2024 | $13.00 | Strong Buy → Outperform | Raymond James |
| 12/8/2023 | $12.00 | Peer Perform → Outperform | Wolfe Research |
| 4/17/2023 | $19.00 → $10.00 | Buy → Neutral | UBS |
| 4/10/2023 | $15.50 → $11.00 | Buy → Neutral | Goldman |
| 2/1/2023 | Outperform → Peer Perform | Wolfe Research | |
| 4/5/2022 | $25.00 | Buy | Goldman |
The delinquency rate for U.S. office loans rose in June as vacancies grew due to the post-pandemic work-from-home trend and persistently high interest rates, according to a report from Fitch Ratings. The rate of delinquencies, or late payments, on loans behind commercial mortgage-backed securities (CMBS) rose to 2.45% in June from 2.42% in May, according to the report released on Friday. The volume of 30-day delinquencies increased to $1.92 billion from $1.86 billion over the same period. The volume of 30-day delinquencies increased to $1.92 billion in June from $1.86 billion in May, increasing the 30-day delinquency rate to 0.35% in June from 0.34% in May. Office loans represented the
JP Morgan analyst Anthony Paolone maintains Cushman & Wakefield (NYSE:CWK) with a Neutral and raises the price target from $11 to $12.
4 - Cushman & Wakefield plc (0001628369) (Issuer)
4 - Cushman & Wakefield plc (0001628369) (Issuer)
4 - Cushman & Wakefield plc (0001628369) (Issuer)
SC 13G/A - Cushman & Wakefield plc (0001628369) (Subject)
SC 13G/A - Cushman & Wakefield plc (0001628369) (Subject)
SC 13G/A - Cushman & Wakefield plc (0001628369) (Subject)
Leading real estate services firm also recognized as a Top 10 Military Spouse Employer Cushman & Wakefield (NYSE:CWK), a leading global real estate services firm, has ranked fifth in the Top Ten 2025 Military Friendly® Employers with revenue over $5 billion for its meaningful efforts to recruit, retain and develop veteran talent in the U.S. The firm has now been recognized as a Military Friendly® Top 10 Employer for three consecutive years, and a Military Friendly® Employer for seven consecutive years. The firm was also named a Military Friendly® Spouse Employer, ranking eighth for 2025, recognizing the firm's commitment to helping military spouse employees have fulfilling careers. This i
Strong global leasing revenue growth of 13% Net cash flow from operations and free cash flow both improved by more than $140 million year-to-date vs. 2023 Fully repaid term loan due in 2025 Cushman & Wakefield (NYSE:CWK) today reported financial results for the third quarter of 2024. "This quarter marked an important turning point. We reported the highest quarter of global Leasing revenue growth and the first quarter of Americas Capital markets revenue growth since the second quarter of 2022. We also continued to generate strong free cash flow which facilitated the recent full repayment of our term loan due in 2025 well ahead of schedule," said Michelle MacKay, Chief Executive Officer of
Cushman & Wakefield (NYSE:CWK) announced that it has successfully completed a repricing of approximately $1.0 billion of its Term Loan issued in April 2024 due 2030 ("Term Loan"). The repricing reduces the applicable interest rate on the Term Loan by 50 basis points from Term SOFR plus 3.75% to Term SOFR plus 3.25%. There are no changes to the maturity of the Term Loan following this repricing and all other terms are substantially unchanged. Additionally, on October 1, 2024, the Company elected to prepay the remaining $48 million of its term loan due 2025. Combined with the Company's August 2024 prepayment of $50 million of its term loan due 2025, the October payment brings the aggregate ye
Jefferies initiated coverage of Cushman & Wakefield with a rating of Buy and set a new price target of $13.00
Wolfe Research downgraded Cushman & Wakefield from Outperform to Peer Perform
Raymond James downgraded Cushman & Wakefield from Strong Buy to Outperform and set a new price target of $13.00
Strong global leasing revenue growth of 13% Net cash flow from operations and free cash flow both improved by more than $140 million year-to-date vs. 2023 Fully repaid term loan due in 2025 Cushman & Wakefield (NYSE:CWK) today reported financial results for the third quarter of 2024. "This quarter marked an important turning point. We reported the highest quarter of global Leasing revenue growth and the first quarter of Americas Capital markets revenue growth since the second quarter of 2022. We also continued to generate strong free cash flow which facilitated the recent full repayment of our term loan due in 2025 well ahead of schedule," said Michelle MacKay, Chief Executive Officer of
Cushman & Wakefield (NYSE:CWK) will release its third quarter 2024 financial results after the close of trading at 4:05 p.m. ET on Monday, November 4, 2024. Management will host a conference call following the release at 5:00 p.m. ET on Monday, November 4, 2024, to discuss the financial results. The conference call can be accessed as follows: Dial in to 1-844-825-9789 (domestic) or 1-412-317-5180 (international), or click here (link will be activated 15 minutes prior to the earnings call) and enter passcode 3755792. Live webcast can be accessed through Cushman & Wakefield's IR website at http://ir.cushmanwakefield.com An audio replay of the conference call will be available approximat
The first-of-its-kind study examines 15 U.S. cities to identify their current real estate portfolio and how that compares to the optimal product mix for thriving in the future Cushman & Wakefield (NYSE:CWK), a leading global real estate services firm, today released Reimagining Cities: Disrupting the Urban Doom Loop—an in-depth research report that puts 15 U.S. cities under the microscope to identify the real estate portfolios cities currently have versus what they need, given how much the economy has changed post-pandemic. In doing so, a few key findings emerge. Cities, particularly economically important, walkable urban places near the core, violated portfolio theory in real estate mar
Bukovac Joins the Firm's Global Occupier Services Leadership Team Cushman & Wakefield (NYSE:CWK) announced today that the real estate services firm has hired David Bukovac as Global Head of Integrated Facilities Management (IFM) on the firm's Global Occupier Services (GOS) Leadership team. In his role, Bukovac will focus on providing a seamless offering of services to the firm's facilities management clients. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240528252358/en/David Bukovac (Photo: Business Wire) "We are thrilled to welcome David to our team," said Aubrey Waddell, Chief Executive, GOS. "His extensive leadership expe
Cushman & Wakefield (NYSE:CWK), a leading global real estate services firm, today announced Luke Herbert has joined the firm as Senior Vice President, Global Treasurer. Herbert will be based in New York City, reporting to the firm's Chief Financial Officer, Neil Johnston. "I am thrilled to welcome Luke to Cushman & Wakefield as our new Global Treasurer. Luke brings a wealth of experience to the role, and I am confident his expertise will be instrumental in driving our financial strategy forward and ensuring our firm's continued success," said Cushman & Wakefield CFO, Neil Johnston. Herbert joins Cushman & Wakefield from GXO Logistics, where he served as Vice President, Assistant Treasur
Cushman & Wakefield (NYSE:CWK), a leading global real estate services firm, is pleased to announce the appointment of Jessica Francisco as the company's first chief sustainability officer (CSO). In this new role, Francisco will report to the company's chief investment & strategy officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240404654738/en/Jessica Francisco, Cushman & Wakefield Chief Sustainability Officer (Photo: Business Wire) "This new CSO role reflects the firm's commitment to advancing sustainability not only for our own operations but also through the strategic advice and services we provide our clients," said Cu
8-K - Cushman & Wakefield plc (0001628369) (Filer)
8-K - Cushman & Wakefield plc (0001628369) (Filer)
8-K - Cushman & Wakefield plc (0001628369) (Filer)