5 Best Momentum Stocks To Invest In

4. CBRE Group, Inc. (NYSE: CBRE)

Number of Hedge Fund Holders: 30    

Percentage Gain in Last Month: 16.75%

CBRE Group, Inc. (NYSE: CBRE) is a Texas-based real estate firm that focuses on investments in commercial properties. It is ranked fourth on our list of 15 best momentum stocks to invest in. In earnings results for the second quarter, posted on July 29, the firm reported earnings per share of $1.36 and a revenue of $6.4 billion, up more than 20% compared to the revenue over the same period last year and beating estimates by $320 million. The company was founded in 1906 and has a market cap of $31 billion. 

On June 14, investment advisory Wolfe Research initiated coverage of CBRE Group, Inc. (NYSE: CBRE) stock with an Outperform rating and a price target of $112, underlining that the firm was set to benefit from favorable macro trends. 

At the end of the first quarter of 2021, 30 hedge funds in the database of Insider Monkey held stakes worth $2.6 billion in CBRE Group, Inc. (NYSE: CBRE), down from 31 in the previous quarter worth $2.1 billion.

In its Q1 2021 investor letter, Third Avenue Management, an asset management firm, highlighted a few stocks and CBRE Group, Inc. (NYSE: CBRE) was one of them. Here is what the fund said:

“CBRE Group, Inc. (the largest commercial real estate services firm globally with leading brokerage, facilities management, consulting, and asset management offerings) revealing that it had agreed to acquire a 35% stake in Industrious—one of the largest networks of coworking and private office spaces in North America. Alongside the investment, CBRE’s management team (headed by CEO Bob Sulentic) has created a unique structure whereby it will also contribute its existing shared workspace portfolio (i.e., Hana) thus positioning the combined platform to take significant market share in the rapidly expanding “flexible workplace” market given CBRE’s reach (the company operates in more than 100 countries and counts 90% of Fortune 100 companies as clients) and a coworking model that could be viewed more favorably by property owners (e.g., revenue share agreements in lieu of fixed-cost leases through special purpose vehicles).”