Analysts Set Newmark Group, Inc. (NASDAQ:NMRK) Target Price at $19.63

Newmark Group, Inc. (NASDAQ:NMRK) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $19.6250.

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Barclays cut their price target on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Keefe, Bruyette & Woods raised their price target on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a report on Friday, May 1st. Weiss Ratings upgraded shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Citizens Jmp raised their price target on shares of Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, May 1st.

Newmark Group Trading Down 0.9%

Shares of NMRK stock opened at $15.04 on Thursday. The firm has a market cap of $2.67 billion, a P/E ratio of 18.57 and a beta of 1.69. Newmark Group has a 1-year low of $11.02 and a 1-year high of $19.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.48. The firm’s 50-day simple moving average is $15.29 and its 200-day simple moving average is $15.90.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $846.52 million for the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. As a group, equities analysts forecast that Newmark Group will post 1.91 EPS for the current year.

Newmark Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were issued a $0.06 dividend. The ex-dividend date was Thursday, May 14th. This is a positive change from Newmark Group’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a yield of 1.6%. Newmark Group’s payout ratio is 29.63%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new position in Newmark Group in the third quarter valued at approximately $29,000. Millstone Evans Group LLC raised its holdings in Newmark Group by 366.3% in the first quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock valued at $25,000 after buying an additional 1,293 shares during the period. Larson Financial Group LLC raised its holdings in Newmark Group by 98.9% in the third quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock valued at $34,000 after buying an additional 915 shares during the period. Farther Finance Advisors LLC raised its holdings in Newmark Group by 42.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after buying an additional 797 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Newmark Group by 4,587.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,687 shares of the company’s stock valued at $82,000 after buying an additional 4,587 shares during the period. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Company Profile

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.