Newmark Group (NASDAQ:NMRK) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Newmark Group (NASDAQ:NMRK) from a strong-buy rating to a buy rating in a report published on Wednesday.

A number of other brokerages have also commented on NMRK. Zacks Research upgraded Newmark Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Piper Sandler restated an “overweight” rating and set a $19.00 target price on shares of Newmark Group in a research report on Monday, June 29th. Keefe, Bruyette & Woods raised their target price on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a research note on Friday, May 1st. Citizens Jmp boosted their price target on shares of Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Newmark Group has a consensus rating of “Buy” and a consensus price target of $19.62.

Newmark Group Stock Down 1.3%

NASDAQ:NMRK opened at $14.81 on Wednesday. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 18.28 and a beta of 1.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.48. The stock’s fifty day moving average price is $15.16 and its two-hundred day moving average price is $15.35. Newmark Group has a 52-week low of $13.36 and a 52-week high of $19.83.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Wednesday, July 29th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $888.42 million during the quarter, compared to analysts’ expectations of $865.24 million. Newmark Group had a return on equity of 27.30% and a net margin of 4.11%.The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the firm earned $0.31 EPS. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. On average, analysts anticipate that Newmark Group will post 1.97 EPS for the current year.

Newmark Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.24 annualized dividend and a yield of 1.6%. Newmark Group’s dividend payout ratio is presently 29.63%.

Hedge Funds Weigh In On Newmark Group

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Newmark Group by 16.5% in the 1st quarter. Royal Bank of Canada now owns 44,977 shares of the company’s stock valued at $546,000 after acquiring an additional 6,375 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Newmark Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,330 shares of the company’s stock valued at $953,000 after purchasing an additional 3,430 shares during the period. Goldman Sachs Group Inc. grew its holdings in Newmark Group by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company’s stock valued at $30,199,000 after purchasing an additional 55,628 shares during the period. Caxton Associates LLP bought a new stake in Newmark Group in the first quarter valued at approximately $276,000. Finally, Jane Street Group LLC increased its stake in Newmark Group by 148.3% in the first quarter. Jane Street Group LLC now owns 390,633 shares of the company’s stock valued at $4,754,000 after purchasing an additional 233,330 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

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.