10 Best Real Estate Stocks to Buy According to Billionaires

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

Number of Billionaire Investors: 11

Number of Hedge Fund Holders: 54

CBRE Group, Inc. (NYSE:CBRE) operates as a commercial real estate services and investment company. Jefferies upped the company’s stock to “Buy” from “Hold” with a price objective of $152, up from $133. Notably, the firm has a positive outlook on the commercial real estate services space for 2025. The upgrade is backed by CBRE Group, Inc. (NYSE:CBRE)’s leadership in the outsourcing industry, which is expected to fuel sales growth, with upside from capital markets activities. Elsewhere, Keefe Bruyette upped the price objective to $142 from $138, keeping the “Market Perform” rating. As per the analyst, heading into 2025, the capital markets’ momentum and stabilization of commercial real estate values place the broader commercial real estate finance sector for recovery.

Among CBRE Group, Inc. (NYSE:CBRE)’s notable strategic gains are integrating the project management capabilities into Turner & Townsend, its subsidiary, and acquiring the full ownership of Industrious, which is a provider of premium flexible workplace solutions. The company’s Building Operations & Experience segment is expected to unify building operations, workplace experience, and property management, placing CBRE Group, Inc. (NYSE:CBRE) to deliver scalable, future-ready solutions for offices, data centers, warehouses, and other facilities.

Baron Funds, an investment management company, released its Q4 2024 investor letter. Here is what the fund said:

“Leading commercial real estate services companies CBRE Group, Inc. (NYSE:CBRE) and Jones Lang LaSalle Incorporated (JLL) should benefit from structural and secular tailwinds: the outsourcing of commercial real estate, the institutionalization of commercial real estate, and opportunities to increase market share in a highly fragmented market. Looking forward, we believe we are in the early days of a rebound in commercial real estate sales and leasing activity. We believe CBRE and JLL may generate annual earnings per share growth of more than 20% in the next few years.”