Wolfe Research reiterated coverage of CBRE Group with a rating of Outperform and set a new price target of $116.00 from $171.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/26/2024 | $100.00 → $123.00 | In-line → Outperform | Evercore ISI |
| 7/25/2024 | $105.00 | Equal-Weight | Morgan Stanley |
| 4/10/2024 | $107.00 | Hold | Jefferies |
| 1/3/2024 | $79.00 → $96.00 | Outperform → In-line | Evercore ISI |
| 1/27/2023 | $100.00 | Buy | Citigroup |
| 1/27/2023 | $88.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 7/22/2022 | $122.00 → $110.00 | Outperform → Strong Buy | Raymond James |
| 4/5/2022 | $111.00 | Buy | Goldman |
CBRE Group, Inc. (NYSE:CBRE) today announced that its Board of Directors has approved an expanded authorization for the repurchase of up to an additional $5 billion of shares. The expanded authorization is in addition to the existing $4 billion stock repurchase authorization, which had approximately $1.4 billion remaining as of September 30, 2024. "Share repurchases are a key part of our capital allocation strategy. The expanded authorization is particularly timely given that we believe our shares' current valuation understates our long-term growth prospects," said Emma Giamartino, chief financial officer of CBRE. "We ended the third quarter in exceptionally strong financial position
NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE:MEGI) today announced the Fund's monthly distributions for November 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is The Fund's current annualized distribution rate is 11.14% based upon the closing price of $13.46 on November 12, 2024, and 10.11% based upon the Fund's closing NAV of $14.83 as of the same date. Dividend Distribution Schedule: Ex-Dividend Date Record Date Payable Date November 11-25-2024 11-25-2024 11-29-2024 The amounts and sources of distributions reported in this Notice are only estimates and are not being pr
Proceeds to Support Growth of Accelerate's Leading Real Estate Under Critical Infrastructure Acquisition Strategy Accelerate Infrastructure Opportunities (Accelerate) today announced a $780 million capital raise comprised of a $630 million equity commitment from funds and co-investors managed by CBRE Investment Management (CBRE IM) and a $150 million inaugural asset-backed securitization. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029189842/en/Accelerate invests in real estate under digital, renewable, and transportation infrastructure that powers a connected, sustainable, and on-time economy. (Photo: Business Wire) Accel
SC 13G/A - CBRE GROUP, INC. (0001138118) (Subject)
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Keefe, Bruyette & Woods analyst Jade Rahmani maintains CBRE Group (NYSE:CBRE) with a Market Perform and raises the price target from $100 to $110.
Now expect slightly over $1 billion of free cash flow for the full year Increased full-year Core EPS outlook to a range of $4.70 to $4.90 – up from $4.25 to $4.65
NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE:MEGI) today announced the Fund's monthly distributions for November 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is The Fund's current annualized distribution rate is 11.14% based upon the closing price of $13.46 on November 12, 2024, and 10.11% based upon the Fund's closing NAV of $14.83 as of the same date. Dividend Distribution Schedule: Ex-Dividend Date Record Date Payable Date November 11-25-2024 11-25-2024 11-29-2024 The amounts and sources of distributions reported in this Notice are only estimates and are not being pr
Proceeds to Support Growth of Accelerate's Leading Real Estate Under Critical Infrastructure Acquisition Strategy Accelerate Infrastructure Opportunities (Accelerate) today announced a $780 million capital raise comprised of a $630 million equity commitment from funds and co-investors managed by CBRE Investment Management (CBRE IM) and a $150 million inaugural asset-backed securitization. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029189842/en/Accelerate invests in real estate under digital, renewable, and transportation infrastructure that powers a connected, sustainable, and on-time economy. (Photo: Business Wire) Accel
CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the third quarter ended September 30, 2024. Key Highlights: GAAP EPS up 20% to $0.73; Core EPS up 67% to $1.20 Revenue up 15%; net revenue up 20% Resilient Business(1) net revenue increased 18%, anchored by Turner & Townsend Global leasing revenue surged 19%, supported by a 24% increase in the United States Global property sales revenue increased for the first time in eight quarters; 20% growth in the United Sates was driven by multifamily and retail assets Net cash flow from operations improved to $573 million and free cash flow to $494 million – the fourth consecutive quarter of improvement. Free cash flow incr
Gateway Fiber has announced President Chris Surdo will become CEO and expand his leadership responsibilities as current CEO Heath Sellenriek has chosen to step down but will remain involved as an Independent Director on the Board of Directors. Sellenriek has been at the helm since he co-founded the company in 2019 and will continue to support the company's forward movement in his new capacity. In his announcement to Gateway Fiber team members, Sellenriek said, "This transition is a planned and thoughtful step in our journey. It ensures that the company remains on a steady course, aligned with our relentless focus on our customers, our communities, and our people." Surdo joined Gateway Fib
The Board of Trustees of the CBRE Global Real Estate Income Fund (NYSE:IGR) announced today that Peter F. Finnerty has been appointed to the Board and joins as an independent Trustee effective July 31, 2024. "We welcome Peter to the Board and feel his expertise and background are very relevant and complementary to our other Board members," commented Ritson Ferguson, Chairperson of IGR's Board. "He has extensive relevant experience and perspective on strong governance practices within the investment management business which will benefit our shareholders." Mr. Finnerty is a uniquely experienced mutual funds industry leader with extensive financial reporting, operational and risk manageme
CBRE Group, Inc. (NYSE:CBRE) today announced that Gunjan Soni, a senior executive with deep technology and international business experience, has been appointed to the company's Board of Directors, effective July 15. Ms. Soni is chief executive officer of Zalora, the leading fashion e-commerce platform in Southeast Asia, and chief operating officer of its parent Global Fashion Group (GFG). "Gunjan brings a strong combination of technological enablement expertise and international business experience to our Board," said Bob Sulentic, CBRE's chair and chief executive officer. "Her background will be invaluable as digital enablement plays an increasingly key role in driving real estate sol
Evercore ISI upgraded CBRE Group from In-line to Outperform and set a new price target of $123.00 from $100.00 previously
Morgan Stanley initiated coverage of CBRE Group with a rating of Equal-Weight and set a new price target of $105.00
Jefferies initiated coverage of CBRE Group with a rating of Hold and set a new price target of $107.00
8-K - CBRE GROUP, INC. (0001138118) (Filer)
10-Q - CBRE GROUP, INC. (0001138118) (Filer)
8-K - CBRE GROUP, INC. (0001138118) (Filer)
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4 - CBRE GROUP, INC. (0001138118) (Issuer)
4 - CBRE GROUP, INC. (0001138118) (Issuer)