Newmark Group, Inc. (NASDAQ:NMRK) Given Average Rating of “Moderate Buy” by Brokerages

Newmark Group, Inc. (NASDAQ:NMRK) has received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $19.6250.

Several equities analysts recently weighed in on NMRK shares. Barclays reduced their target price 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. Citizens Jmp raised their price objective on Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a research report on Friday, May 1st. Piper Sandler restated an “overweight” rating and set a $19.00 price objective on shares of Newmark Group in a research note on Monday, June 29th. Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen lowered Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th.

Newmark Group Price Performance

NMRK stock opened at $15.72 on Monday. The company has a market cap of $2.79 billion, a PE ratio of 19.41 and a beta of 1.68. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average price of $15.17 and a two-hundred day moving average price of $15.69. Newmark Group has a 12-month low of $12.06 and a 12-month high of $19.83.

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

Newmark Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were issued a $0.06 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.5%. This is a boost from Newmark Group’s previous quarterly dividend of $0.03. Newmark Group’s dividend payout ratio (DPR) is currently 29.63%.

Institutional Trading of Newmark Group

A number of hedge funds have recently made changes to their positions in the company. Millstone Evans Group LLC lifted its position in shares of Newmark Group by 366.3% during the first quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock worth $25,000 after purchasing an additional 1,293 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Newmark Group during the 3rd quarter valued at $29,000. Larson Financial Group LLC increased its stake in Newmark Group by 98.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock worth $34,000 after buying an additional 915 shares during the period. Farther Finance Advisors LLC increased its stake in Newmark Group by 42.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock worth $46,000 after buying an additional 797 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in Newmark Group by 4,587.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,687 shares of the company’s stock worth $82,000 after buying an additional 4,587 shares in the last quarter. 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.