Newmark Group (NASDAQ:NMRK) Issues Earnings Results

Newmark Group (NASDAQ:NMRK) posted its quarterly earnings results on Friday. The company reported $0.08 earnings per share (EPS) for the quarter, FiscalAI reports. Newmark Group had a net margin of 4.30% and a return on equity of 26.46%. The company had revenue of $846.52 million during the quarter.

Newmark Group Price Performance

Shares of NMRK stock traded down $0.14 during trading hours on Friday, hitting $16.73. The company’s stock had a trading volume of 1,457,357 shares, compared to its average volume of 1,478,931. The business has a fifty day moving average of $15.16 and a 200-day moving average of $16.42. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 20.65 and a beta of 1.76. Newmark Group has a twelve month low of $10.20 and a twelve month high of $19.83. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39.

Newmark Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be given a $0.06 dividend. This is a boost from Newmark Group’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, May 14th. Newmark Group’s dividend payout ratio (DPR) is currently 14.81%.

Institutional Trading of Newmark Group

Several large investors have recently modified their holdings of NMRK. Millstone Evans Group LLC grew its position 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 purchased a new stake in Newmark Group in the 3rd quarter worth approximately $29,000. Larson Financial Group LLC grew its stake in Newmark Group by 98.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock worth $34,000 after acquiring an additional 915 shares during the period. Farther Finance Advisors LLC grew its stake in Newmark Group by 338.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,879 shares of the company’s stock worth $35,000 after acquiring an additional 1,450 shares during the period. Finally, Global Retirement Partners LLC grew its stake in Newmark Group by 135.9% in the 3rd quarter. Global Retirement Partners LLC now owns 2,326 shares of the company’s stock worth $43,000 after acquiring an additional 1,340 shares during the period. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citizens Jmp lifted their price objective on Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Newmark Group in a report on Tuesday, April 21st. Wall Street Zen raised Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Keefe, Bruyette & Woods lifted their price objective on Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Barclays reduced their price objective on Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Newmark Group currently has an average rating of “Moderate Buy” and an average price target of $18.50.

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.