Zacks Investment Research upgraded shares of Newmark Group (NASDAQ:NMRK) from a hold rating to a buy rating in a report released on Saturday morning, Zacks.com reports. They currently have $10.00 price objective on the stock.

According to Zacks, “Newmark Group, Inc. operates as a commercial real estate advisory firm. The Company offers services and products which includes investment sales, debt and structured finance and loan sales, agency leasing, property management, valuation and advisory and loan servicing. Newmark Group, Inc. is based in New York, United States. “

NMRK has been the subject of several other reports. Compass Point initiated coverage on shares of Newmark Group in a research note on Wednesday, July 10th. They set a buy rating and a $14.00 price objective for the company. ValuEngine upgraded shares of Newmark Group from a sell rating to a hold rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $14.00.

Shares of NASDAQ NMRK opened at $9.07 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.43. Newmark Group has a 12 month low of $7.02 and a 12 month high of $13.00. The company’s 50 day simple moving average is $9.43. The firm has a market cap of $1.65 billion, a PE ratio of 5.97, a price-to-earnings-growth ratio of 0.65 and a beta of 1.19.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. Newmark Group had a net margin of 5.69% and a return on equity of 40.24%. The business had revenue of $551.50 million during the quarter, compared to analysts’ expectations of $513.63 million. The firm’s revenue was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Newmark Group will post 1.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Tuesday, August 20th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Monday, August 19th. Newmark Group’s dividend payout ratio (DPR) is 26.32%.

Large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Newmark Group during the 2nd quarter valued at approximately $32,000. Coastal Investment Advisors Inc. purchased a new position in shares of Newmark Group during the 2nd quarter valued at approximately $43,000. Glassman Wealth Services purchased a new position in shares of Newmark Group during the 2nd quarter valued at approximately $44,000. Advisor Group Inc. purchased a new position in shares of Newmark Group during the 2nd quarter valued at approximately $83,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Newmark Group during the 2nd quarter valued at approximately $97,000. 55.84% of the stock is owned by hedge funds and other institutional investors.

About Newmark Group

Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Newmark Knight Frank name.

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