CoStar Group, Inc. is a recognized provider of information services to professionals in the commercial real estate industry in the U.S. and the U.K. The company offers an integrated suite of services which can be indispensable to the real estate market. It provides clients access to a comprehensive online commercial real estate database.
The company, founded in Andrew C. Florance in 1987, is based in Bethesda, Maryland. It has about 1,000 employees throughout the U.S., the UK and France, and it is now considered as the largest research company in the commercial real estate market in the U.S.
The company’s flagship service is the CoStar Property Professional. With this service, clients can view inventory of various properties and lands in the market.
Information available to clients include:
- space available for leasing
- tenant information
- comparable sales information
- properties for sale
- profile of industry professionals in the real estate market
- property marketing news
- general real estate market news
BASIC STOCK MARKET/FINANCE INFO
The company’s total revenue as of June 2008 stands at 53.48, while gross profit amounts to 35.14. Total current assets is 187.22 while total current liabilities is 33.92.
CURRENT MARKET DEVELOPMENTS
-Vanguard Group Inc. sold -94.38% of their shares in CoStar Group Inc., and brings current holdings to 27.909 shares.
-Texas Capital Bancshares Inc. increased their holdings in the company, and now stands at 5,229 shares.
RECOMMENDATION
Buy if you are aggressive and the stock price retraces around the 49.58 mark. If you are conservative, investing at 45.92 is okay.