Newmark Group (NASDAQ:NMRK) Given Neutral Rating at Piper Sandler

Piper Sandler reissued their neutral rating on shares of Newmark Group (NASDAQ:NMRK) in a research report released on Monday morning, MarketBeat reports. The firm currently has a $13.00 price objective on the stock, down from their previous price objective of $14.00.

NMRK has been the subject of several other research reports. Zacks Research downgraded shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Citigroup reiterated a “market outperform” rating on shares of Newmark Group in a research note on Monday, August 10th. Wall Street Zen cut shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods decreased their price objective on shares of Newmark Group from $17.50 to $16.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Finally, Weiss Ratings upgraded shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.60.

Newmark Group Price Performance

NMRK stock opened at $11.30 on Monday. The business has a 50 day moving average price of $13.97 and a 200 day moving average price of $14.81. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 6.52 and a beta of 1.76. Newmark Group has a fifty-two week low of $11.26 and a fifty-two week high of $19.83. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.50.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $888.42 million during the quarter, compared to the consensus estimate of $865.24 million. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 earnings per share. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Equities research analysts anticipate that Newmark Group will post 1.94 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.06 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.24 dividend on an annualized basis and a yield of 2.1%. Newmark Group’s payout ratio is currently 29.63%.

Institutional Investors Weigh In On Newmark Group

Several large investors have recently modified their holdings of NMRK. Arizona State Retirement System lifted its stake in Newmark Group by 2.8% in the second quarter. Arizona State Retirement System now owns 42,768 shares of the company’s stock valued at $646,000 after buying an additional 1,161 shares during the last quarter. Millstone Evans Group LLC boosted its holdings in shares of Newmark Group by 366.3% during the first 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 period. PNC Financial Services Group Inc. grew its position in shares of Newmark Group by 9.6% during the first quarter. PNC Financial Services Group Inc. now owns 16,724 shares of the company’s stock worth $251,000 after acquiring an additional 1,471 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Newmark Group by 29.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 8,160 shares of the company’s stock worth $142,000 after acquiring an additional 1,848 shares during the last quarter. Finally, Nykredit A S bought a new position in shares of Newmark Group during the second quarter worth about $41,000. 58.42% of the stock is owned by institutional investors and hedge funds.

About Newmark Group

Newmark Group, Inc is a commercial real estate services company that provides advisory, transaction, and property-related services to corporations, institutional investors, landlords, tenants, and other real estate owners and users. Its business spans office, industrial, retail, multifamily, hospitality, and other property sectors.

The company’s services include leasing, investment sales, debt and structured finance, valuation and advisory, property management, and facilities management.