Newmark Group, Inc. (NASDAQ:NMRK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Newmark Group, Inc. (NASDAQ:NMRK) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $19.6250.

Several analysts have issued reports on NMRK shares. Wall Street Zen raised shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Weiss Ratings raised shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods upped their price target on shares of Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Barclays decreased their price objective 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. Finally, Citizens Jmp upped their price objective 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.

Hedge Funds Weigh In On Newmark Group

Several institutional investors and hedge funds have recently modified their holdings of NMRK. Millstone Evans Group LLC increased its holdings in shares of 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 purchasing an additional 1,293 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Newmark Group in the third quarter valued at $29,000. Larson Financial Group LLC increased its holdings in shares of 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 purchasing an additional 915 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of 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 purchasing an additional 797 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of 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 purchasing an additional 4,587 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Newmark Group Stock Performance

NASDAQ NMRK opened at $14.98 on Thursday. 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 firm’s fifty day moving average price is $15.28 and its two-hundred day moving average price is $15.94. Newmark Group has a 1 year low of $11.02 and a 1 year high of $19.83. The firm has a market capitalization of $2.66 billion, a P/E ratio of 18.49 and a beta of 1.69.

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

Newmark Group Increases Dividend

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

About Newmark Group

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.