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

Shares of Newmark Group, Inc. (NASDAQ:NMRK) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.50.

Several research firms recently weighed in on NMRK. Weiss Ratings upgraded shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Citizens Jmp upped 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 report on Friday, May 1st. Wall Street Zen upgraded shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Barclays reduced their price target on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a report on Friday, May 1st.

Newmark Group Stock Down 2.8%

NMRK opened at $14.37 on Friday. Newmark Group has a twelve month low of $10.20 and a twelve month high of $19.83. The company has a quick ratio of 0.51, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $15.29 and a 200 day moving average price of $16.30. The company has a market cap of $2.55 billion, a PE ratio of 17.74 and a beta of 1.76.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Friday, May 8th. The company reported $0.08 earnings per share 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 during the quarter. Sell-side analysts expect that Newmark Group will post 1.91 earnings per share for the current fiscal year.

Newmark Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, May 14th. This is a positive change from Newmark Group’s previous quarterly dividend of $0.03. Newmark Group’s payout ratio is currently 29.63%.

Institutional Trading of Newmark Group

A number of hedge funds have recently bought and sold shares of NMRK. Millstone Evans Group LLC raised its holdings in Newmark Group by 366.3% in the 1st quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock valued at $25,000 after acquiring an additional 1,293 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Newmark Group in the 3rd quarter valued at about $29,000. Larson Financial Group LLC raised its holdings in Newmark Group by 98.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock valued at $34,000 after acquiring an additional 915 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Newmark Group by 42.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after acquiring an additional 797 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised 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 valued at $82,000 after acquiring an additional 4,587 shares during the last quarter. Institutional investors and hedge funds 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.