5 Best Real Estate Stocks for 2021

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

Number of Hedge Fund Holders: 37

CBRE Group, Inc. (NYSE: CBRE) is an American commercial real estate company that also provides services in investment management. It is the largest commercial property developer in the U.S. and has operations in over 100 countries.

In Q2 2021, CBRE Group, Inc. (NYSE: CBRE) reported an EPS of $1.36 and revenue of $6.4 billion, up from $5.3 billion during the same period last year. The company’s Global Workplace Solutions segment accounted for $4.08 billion of the gross revenue. CBRE Group, Inc. (NYSE: CBRE) reported a 33% growth in leasing revenue when compared with the prior-year quarter. In June, Wolfe Research initiated its coverage on CBRE Group, Inc. (NYSE: CBRE) with an ‘Outperform’ rating and a $112 price target. The stock has soared by 106.3% in the past year.

Hedge funds are also taking interest in CBRE Group, Inc. (NYSE: CBRE) as the number of hedge funds having stakes in CBRE Group, Inc. (NYSE: CBRE) as of Q2 2021 rose to 37, compared with 30 in the previous quarter. The total value of these stakes is over $2.6 billion.

Third Avenue Management released its first-quarter 2021 investor letter and mentioned CBRE Group, Inc. (NYSE: CBRE) in it. Here is what the investment management firm has to say:

“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).”