We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CBRE Retains Commercial Property Investment Sales Top Spot
Read MoreHide Full Article
Delighting its shareholders, CBRE Group, Inc. announced that it has once again secured the top spot in the global rankings for commercial real estate investment sales for 2017. The data is as per Real Capital Analytics (RCA).
This, in fact, is the seventh consecutive year of the company achieving the first position. RCA tracks global commercial real estate sales of $10 million and higher. In fact, per the RCA data, CBRE had 22.3% market share in 2017 across all property types on a global basis, which is a massive 650 basis points ahead of its closest competitor.
According to RCA, it is estimated that around $1.53 trillion of commercial real estate was sold all over the world last year. CBRE’s global investment sales volume reached $137.62 billion.
In 2017, the company executed $62.1 billion in global office sales as seller representative for an industry-leading market share of 23.5%. Further, with $19.7 billion in transactions for a market share of 28.6%, the company once again became the top global firm in logistics and industrial sales.
In addition, CBRE maintained its top global rank in retail sales with $17.2 billion in transactions. The company’s global market share of 21.2% in 2017 marked a 270-bps expansion. Moreover, the company executed $27.2 billion in global apartment sales for a market share of 20.6%. Globally, the company has been ranked as the leading buy-side broker.
Notably, CBRE has decided to change its NYSE ticker symbol to CBRE from CBG and trading under the new ticker symbol is slated to start on Mar 19, 2018.
Importantly, CBRE’s broad range of real estate products and services, and an extensive knowledge of domestic and international real estate markets helped the company retain its solid growth momentum. For full-year 2017, revenues and earnings reached record highs. The company achieved 18% growth in full-year adjusted earnings per share and marked the eighth consecutive year of double-digit adjusted earnings per share growth. Further, CBRE expects 2018 adjusted earnings per share in the band of $3.00-$ 3.15, denoting a projected increase of 13% at the mid-point of the range.
The company’s solid technology platform helps it develop and deliver superior analytical, research and client service tools to meet diverse client needs. In addition, the company’s focused investment in technology and data analytics are likely to drive long-term growth. Furthermore, with continued calculated investments in people and platform, as well as strong client service, CBRE continues to experience decent market share gains and ride on the growth trajectory.
CBRE currently has a Zacks Rank #2 (Buy). Over the past three months, the stock has appreciated 11.9%, while its industry incurred loss of 0.2%.
Stocks to Consider
Investors can also consider other top-ranked stocks in the real estate space like HFF Inc. (HF) , FirstService Corp. (FSV - Free Report) and Jones Lang LaSalle Incorporated (JLL - Free Report) . While HFF Inc. has a Zacks Rank #1 (Strong Buy), FirstService Corp. and Jones Lang LaSalle carry a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
HFF’s Zacks Consensus Estimates for 2018 earnings per share have been revised 22.6% upward to $2.88 over the past month. Its share price has risen 12.0% in three months’ time.
FirstService Corporation’s earnings per share estimates for the current year have moved up 11.8% to $2.65 in two months’ time. Its shares have increased 3.4% over the past three months.
Jones Lang LaSalle’s earnings per share estimates for 2018 have been revised 2.4% upward to $9.85 over the past month. The stock has rallied 17.8% during the past three months.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Bigstock
CBRE Retains Commercial Property Investment Sales Top Spot
Delighting its shareholders, CBRE Group, Inc. announced that it has once again secured the top spot in the global rankings for commercial real estate investment sales for 2017. The data is as per Real Capital Analytics (RCA).
![](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/cbg_20180313.jpg)
This, in fact, is the seventh consecutive year of the company achieving the first position. RCA tracks global commercial real estate sales of $10 million and higher. In fact, per the RCA data, CBRE had 22.3% market share in 2017 across all property types on a global basis, which is a massive 650 basis points ahead of its closest competitor.
According to RCA, it is estimated that around $1.53 trillion of commercial real estate was sold all over the world last year. CBRE’s global investment sales volume reached $137.62 billion.
In 2017, the company executed $62.1 billion in global office sales as seller representative for an industry-leading market share of 23.5%. Further, with $19.7 billion in transactions for a market share of 28.6%, the company once again became the top global firm in logistics and industrial sales.
In addition, CBRE maintained its top global rank in retail sales with $17.2 billion in transactions. The company’s global market share of 21.2% in 2017 marked a 270-bps expansion. Moreover, the company executed $27.2 billion in global apartment sales for a market share of 20.6%. Globally, the company has been ranked as the leading buy-side broker.
Notably, CBRE has decided to change its NYSE ticker symbol to CBRE from CBG and trading under the new ticker symbol is slated to start on Mar 19, 2018.
Importantly, CBRE’s broad range of real estate products and services, and an extensive knowledge of domestic and international real estate markets helped the company retain its solid growth momentum. For full-year 2017, revenues and earnings reached record highs. The company achieved 18% growth in full-year adjusted earnings per share and marked the eighth consecutive year of double-digit adjusted earnings per share growth. Further, CBRE expects 2018 adjusted earnings per share in the band of $3.00-$ 3.15, denoting a projected increase of 13% at the mid-point of the range.
The company’s solid technology platform helps it develop and deliver superior analytical, research and client service tools to meet diverse client needs. In addition, the company’s focused investment in technology and data analytics are likely to drive long-term growth. Furthermore, with continued calculated investments in people and platform, as well as strong client service, CBRE continues to experience decent market share gains and ride on the growth trajectory.
CBRE currently has a Zacks Rank #2 (Buy). Over the past three months, the stock has appreciated 11.9%, while its industry incurred loss of 0.2%.
Stocks to Consider
Investors can also consider other top-ranked stocks in the real estate space like HFF Inc. (HF) , FirstService Corp. (FSV - Free Report) and Jones Lang LaSalle Incorporated (JLL - Free Report) . While HFF Inc. has a Zacks Rank #1 (Strong Buy), FirstService Corp. and Jones Lang LaSalle carry a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
HFF’s Zacks Consensus Estimates for 2018 earnings per share have been revised 22.6% upward to $2.88 over the past month. Its share price has risen 12.0% in three months’ time.
FirstService Corporation’s earnings per share estimates for the current year have moved up 11.8% to $2.65 in two months’ time. Its shares have increased 3.4% over the past three months.
Jones Lang LaSalle’s earnings per share estimates for 2018 have been revised 2.4% upward to $9.85 over the past month. The stock has rallied 17.8% during the past three months.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>