Colliers International Group (NASDAQ:CIGI) Reaches New 1-Year Low – What’s Next?

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) hit a new 52-week low during trading on Friday . The stock traded as low as $98.97 and last traded at $105.1820, with a volume of 312294 shares traded. The stock had previously closed at $118.23.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CIGI shares. Canadian Imperial Bank of Commerce lifted their price target on shares of Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Raymond James Financial raised shares of Colliers International Group from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $195.00 to $200.00 in a research note on Wednesday, February 4th. National Bank Financial upped their target price on shares of Colliers International Group from $181.00 to $185.00 in a research report on Monday, December 15th. Finally, Wall Street Zen upgraded Colliers International Group from a “hold” rating to a “buy” rating in a research report on Sunday, January 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.44.

Colliers International Group Stock Down 10.1%

The firm has a 50-day moving average price of $143.08 and a two-hundred day moving average price of $151.68. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 46.52 and a beta of 1.40. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14.

Colliers International Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were given a $0.15 dividend. This represents a dividend yield of 20.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Colliers International Group’s payout ratio is currently 13.10%.

Institutional Investors Weigh In On Colliers International Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Durable Capital Partners LP boosted its stake in shares of Colliers International Group by 2.0% during the 3rd quarter. Durable Capital Partners LP now owns 3,699,124 shares of the financial services provider’s stock worth $577,840,000 after buying an additional 73,623 shares during the last quarter. Vanguard Group Inc. grew its stake in Colliers International Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,996,018 shares of the financial services provider’s stock valued at $293,379,000 after purchasing an additional 23,516 shares in the last quarter. Bank of Montreal Can increased its position in shares of Colliers International Group by 69.0% during the 4th quarter. Bank of Montreal Can now owns 1,076,806 shares of the financial services provider’s stock worth $158,274,000 after purchasing an additional 439,607 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Colliers International Group by 21.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider’s stock worth $117,619,000 after purchasing an additional 158,668 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Colliers International Group in the 4th quarter valued at approximately $84,906,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.