10 Best Real Estate and Realty Stocks To Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 54

CBRE Group, Inc. (NYSE:CBRE) is a commercial real estate services and investment firm headquartered in Dallas, Texas. The firm operates across every dimension of commercial real estate and claims to have the leading global market position in leasing, property sales, outsourcing, property management, and valuation. With an employee base of over 130,000, the company serves clients in over 100 countries across the globe. These clients are served through three business segments including REI (real estate investments), advisory services, and GWS (global workplace solutions).

CBRE Group, Inc. (NYSE:CBRE) has the privilege to serve as the largest commercial property developer in the United States with $148 billion of assets under management within its Investment Management business. As of March 2023, the firm revealed a 53% market share as compared to 47% going to its peers. This market-leading competitive position is what makes the firm stand out from the competition. The highly resilient business lines and sufficient investment capacity are further driving forces for long-term growth.

During the last fiscal quarter, each of the three business segments outperformed expectations for both net revenue and segment operating profits. While the GWS (global workplace solutions) and Advisory segments together delivered double-digit net revenue growth for the first time in 18 months, the REI segment witnessed an upturn in activity and is contracting to sell development assets at good valuations as expected to complete in the fourth quarter.

As aforementioned, CBRE Group, Inc. (NYSE:CBRE) is in a strong leadership position in a growing industry. The stock is currently trading at 23 times its forward earnings, a discount of 36% to the sector. As of March 31, the company was held by 54 hedge funds. Thus, CBRE Group is a top real estate stock to buy.