5 Best Real Estate and Realty Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Holders: 48

One of the world’s largest commercial real estate services and investment firms, the CBRE Group Inc. (NYSE:CBRE) provides a wide range of services such as property management, investment management, valuation and appraisal, market research, and consulting.

On October 4, Raymond James analyst Patrick O’Shaughnessy revised down his price target for CBRE Group Inc. (NYSE:CBRE) from $100 to $95 but maintained a Strong Buy rating on the stock. Despite the recent upward trajectory of interest rates, which has postponed expectations for a rebound in capital markets activity this year and shifted the timeline to 2024, CBRE’s Global Workplace Solutions division remains a consistent source of revenue growth and stability for the company. The analyst asserts that CBRE’s robust cash flow and strong balance sheet position offer the company a range of choices for capital allocation.

According to Insider Monkey’s second quarter database, 48 hedge funds were bullish on CBRE Group, Inc. (NYSE:CBRE), compared to 41 funds in the prior quarter. Harris Associates is the biggest stakeholder of the company, with 14.7 million shares worth $1.18 billion.

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