5 Best Stocks to Buy for Long Term According to ValueAct Capital

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

ValueAct Capital’s Stake Value: $844,968,000

Percentage of ValueAct Capital’s 13F Portfolio: 11.62%

Number of Hedge Fund Holders: 55

CBRE Group, Inc. (NYSE:CBRE) operates as a commercial real estate services and investment company worldwide. The company has three business segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments. At the close of Q1 2022, 55 hedge funds were bullish on CBRE Group, Inc. (NYSE:CBRE). These funds held collective stakes worth $3.30 billion in the company, down from $3.70 billion in the preceding quarter with 48 positions.

As of April 5, Goldman Sachs analyst Chandni Luthra has a $111 price target and a Buy rating on CBRE Group, Inc. (NYSE:CBRE). 

As of March 31, ValueAct Capital owns more than 9.23 million shares of CBRE Group, Inc. (NYSE:CBRE), which brings its stakes in the company to $844.96 million. ValueAct Capital is the second-largest shareholder in CBRE Group, Inc. (NYSE:CBRE) and the investment covers 11.62% of its 13F portfolio.

Here is what Baron Funds had to say about CBRE Group, Inc. (NYSE:CBRE) in its “Baron Real Estate Fund” first-quarter 2022 investor letter:

“Following strong share price performance in 2021, the shares of leading commercial real estate services firm, CBRE Group, Inc. (NYSE:CBRE) declined in the most recent quarter. We believe the current valuations of  the company is compelling. Further, we believe the company is well-positioned to benefit from long-term growth opportunities that include a growing list of companies looking to outsource their commercial real estate needs, the growth in institutional ownership of commercial real estate, and attractive acquisition opportunities given their highly desirable global platforms and strong balance sheets.”