CBRE Stock Summary and Trading Ideas (Cbre Group Common Class A | NYSE:CBRE)

CBRE Group provides a wide range of real estate services to owners, occupants, and investors worldwide, including leasing, property and project management, and capital markets advisory. Additionally, CBRE's investment management arm manages over $140 billion for clients across diverse public and private real estate strategies.

Cbre Group Common Class A trades on the NYSE stock market under the symbol CBRE.

As of April 19, 2024, CBRE stock price declined to $84.90 with 1,705,361 million shares trading.

CBRE has a beta of 1.66, meaning it tends to be more sensitive to market movements. CBRE has a correlation of 0.41 to the broad based SPY ETF.

CBRE has a market cap of $25.95 billion. This is considered a Large Cap stock.

Last quarter Cbre Group Common Class A reported $9 billion in Revenue and $1.38 earnings per share. This beat revenue expectation by $510 million and exceeded earnings estimates by $.20.

In the last 3 years, CBRE stock traded as high as $111.00 and as low as $64.63.

The top ETF exchange traded funds that CBRE belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.

CBRE has underperformed the market in the last year with a price return of +17.5% while the SPY ETF gained +21.2%. CBRE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.7% and -11.7%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

CBRE support price is $83.73 and resistance is $86.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CBRE stock will trade within this expected range on the day.