A Value TSX Real Estate Stock To Buy Today For Long Term Gains

May 10, 2021 11:48 PM AEST | By Raza Naqvi

A Value TSX Real Estate Stock To Buy Today For Long Term Gains — Image source: Roberts Photography, Shutterstock

Colliers International Group Inc's (TSX:CIGI)

Real estate company Colliers International Group Inc's (TSX:CIGI) operates in at least 60 countries. It posted strong first-quarter earnings in the first week of May, reporting revenue of US$ 774.9 million, up from US$ 630.6 million in the first quarter of 2020.

In Q1 2021, the adjusted earnings per share (EPS) were US$ 1.04, which represents an increase of 92.6 per cent from Q1 2020. The adjusted EBITDA increased to US$ 92.1 million from US$ 54.5 million in the same period.

The net earnings were US$ 24.8 million in the first quarter of this year and cash and cash equivalents amounted to US$ 118.5 million. In the past five days, over 146,000 shares traded hands on an average. The stock surged by 6.4 per cent in a week.

Six-month stock performance of Colliers International and RSI Momentum (Source: Refinitiv/Thomson Reuters)

In a year, the stock has grown by 104 per cent, surpassing the TSX 300 Composite Index, which grew by 55.5 per cent in comparison. The CIGI stock's year-to-date (YTD) growth is about 25 per cent.

The shares closed at C$ 141.52 apiece on May 7, five per cent down from its recent 52-week recent high of C$ 148.63 (May 4, 2021).

As per TMX, the company offers about 9 per cent return on equity (ROE) and its price-to-earnings (P/E) ratio is 88.3. On the dividend front, the real estate services company distributes US$ 0.05 semi-annually and its current dividend yield is 0.091 per cent.

The above constitutes a preliminary view and any interest in stocks should be evaluated further from an investment point of view.

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