Zacks Investment Research cut shares of Colliers International Group Inc (NASDAQ:CIGI) from a buy rating to a hold rating in a research note published on Wednesday, Analyst Ratings.Net reports.

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 “

A number of other research analysts also recently commented on the company. TheStreet downgraded Colliers International Group from a hold rating to a sell rating in a research note on Monday, December 7th. CIBC upped their price objective on Colliers International Group from $45.00 to $47.00 in a research note on Wednesday, October 28th. Finally, RBC Capital upped their price objective on Colliers International Group from $53.00 to $54.00 and gave the stock an outperform rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $53.20.

Shares of Colliers International Group (NASDAQ:CIGI) opened at 42.08 on Wednesday. The company’s 50-day moving average price is $42.89 and its 200-day moving average price is $43.58. The stock has a market cap of $1.60 billion and a PE ratio of 331.34. Colliers International Group has a 52-week low of $30.20 and a 52-week high of $50.72.

The firm also recently declared a semiannual dividend, which was paid on Friday, January 8th. Stockholders of record on Thursday, December 31st were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, December 29th. This represents a dividend yield of 0.18%.

Several hedge funds and institutional investors have added to or reduced their stakes in the company. Russell Frank Co boosted its position in Colliers International Group by 256.2% in the fourth quarter. Russell Frank Co now owns 55,273 shares of the company’s stock valued at $2,471,000 after buying an additional 39,754 shares during the last quarter. Acadian Asset Management boosted its position in Colliers International Group by 86.6% in the fourth quarter. Acadian Asset Management now owns 161,400 shares of the company’s stock valued at $7,190,000 after buying an additional 74,897 shares during the last quarter. Finally, CIBC World Markets boosted its position in Colliers International Group by 97.2% in the fourth quarter. CIBC World Markets now owns 200,868 shares of the company’s stock valued at $8,949,000 after buying an additional 99,014 shares during the last quarter.

Colliers International Group Inc. is engaged in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. Colliers professionals provide a range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership.

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