Zacks Investment Research cut shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a strong-buy rating to a hold rating in a report released on Tuesday.
According to Zacks, “FIRSTSERVICE CP is a leader in the rapidly growing service sector providing property and business services to commercial and residential customers in the following areas: residential property management; integrated security systems; consumer services; and, customer support and fulfillment and business process outsourcing. FirstService’s operations are divided into two divisions: Property Services and Business Services “
CIGI has been the topic of a number of other research reports. ValuEngine lowered Colliers International Group from a buy rating to a hold rating in a research report on Monday, November 6th. Royal Bank of Canada upped their price target on Colliers International Group from $62.00 to $85.00 and gave the company an outperform rating in a research report on Wednesday, November 1st. BidaskClub lowered Colliers International Group from a buy rating to a hold rating in a research report on Tuesday, December 19th. Scotiabank upped their price target on Colliers International Group from $75.50 to $83.00 and gave the company an outperform rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets reiterated an outperform rating and issued a $65.00 price target on shares of Colliers International Group in a research report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $71.40.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th will be given a $0.05 dividend. The ex-dividend date is Thursday, December 28th. This represents a dividend yield of 0.17%. Colliers International Group’s dividend payout ratio (DPR) is presently 6.54%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Tennessee Treasury Department acquired a new position in shares of Colliers International Group in the 2nd quarter valued at about $201,000. FMR LLC acquired a new position in shares of Colliers International Group in the 2nd quarter valued at about $208,000. Legal & General Group Plc lifted its stake in shares of Colliers International Group by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 4,587 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 198 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Colliers International Group in the 3rd quarter valued at about $326,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Colliers International Group in the 3rd quarter valued at about $363,000. Hedge funds and other institutional investors own 63.11% of the company’s stock.
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Colliers International Group Company Profile
Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.
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