5 Best Real Estate Stocks To Buy

4. Cushman & Wakefield plc (NYSE:CWK)

Number of Hedge Fund Holders: 21

Cushman & Wakefield plc (NYSE:CWK) is a global leader in commercial real estate services and is one of the best real estate stocks to buy now. On November 3, Cushman & Wakefield plc (NYSE:CWK) posted earnings for the fiscal third quarter of 2022. The company reported an EPS of $0.43 and generated a revenue of $2.52 billion, outperforming consensus by $85.93 million.

As of December 16, Cushman & Wakefield plc (NYSE:CWK) is trading at a PE multiple of 9x and has free cash flows of $38.2 million.

At the end of Q3 2022, 21 hedge funds were long Cushman & Wakefield plc (NYSE:CWK) and disclosed positions worth $104.35 million in the company. Of those, Harris Associates was the largest shareholder in the company and held stakes worth $86.45 million.

Here is what Vulcan Value Partners had to say about Cushman & Wakefield plc (NYSE:CWK) in its third-quarter 2022 investor letter:

“Cushman & Wakefield plc (NYSE:CWK) had good operating results in the second quarter but was a material detractor. Company management did not increase their guidance for the year, suggesting the possibility of a weak second half, and the market may be worried about that possibility. We expect economic conditions to be more challenging as we enter 2023, and we are taking a cautious approach to our valuation. The company recently authorized a share buyback for 10% of its outstanding shares, which we think is both a positive sign and an intelligent capital allocation decision. Overall, we think the company is performing well, and its results are in line with our expectations.”