CBRE Group Inc (NYSE:CBG) announced a quarterly dividend on Monday, February 12th, RTT News reports. Stockholders of record on Monday, April 23rd will be given a dividend of 0.25 per share by the financial services provider on Tuesday, May 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.39%.
Shares of CBRE Group (NYSE CBG) opened at $41.90 on Monday. The company has a market capitalization of $14,223.34, a price-to-earnings ratio of 20.64, a PEG ratio of 1.05 and a beta of 1.83. The company has a current ratio of 1.08, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. CBRE Group has a twelve month low of $32.30 and a twelve month high of $46.60.
CBRE Group (NYSE:CBG) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The business had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.12 billion. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. research analysts predict that CBRE Group will post 3.08 earnings per share for the current year.
A number of research firms have recently commented on CBG. Wedbush restated an “outperform” rating and set a $46.50 price objective on shares of CBRE Group in a report on Monday. ValuEngine upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Friday. William Blair reaffirmed an “outperform” rating on shares of CBRE Group in a research report on Friday, February 2nd. Finally, Raymond James Financial started coverage on shares of CBRE Group in a research report on Tuesday, February 6th. They set an “outperform” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $46.56.
About CBRE Group
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.
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