Newmark Group, Inc. (NASDAQ:NMRK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Newmark Group, Inc. (NASDAQ:NMRK) have received a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.6250.

Several equities research analysts have recently commented on NMRK shares. Weiss Ratings upgraded Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods raised their target price on shares of Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Barclays dropped their price target on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Wall Street Zen downgraded shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. Finally, Piper Sandler reiterated an “overweight” rating and set a $19.00 target price on shares of Newmark Group in a research report on Monday, June 29th.

Newmark Group Trading Down 0.9%

NMRK opened at $15.20 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.48. The company’s 50-day moving average is $15.10 and its 200 day moving average is $15.63. The firm has a market capitalization of $2.70 billion, a PE ratio of 18.77 and a beta of 1.68. Newmark Group has a fifty-two week low of $12.06 and a fifty-two week high of $19.83.

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

Newmark Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.06 per share. This is a boost from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.6%. Newmark Group’s dividend payout ratio is currently 29.63%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NMRK. Focus Partners Wealth raised its stake in Newmark Group by 4.6% in the 3rd quarter. Focus Partners Wealth now owns 14,176 shares of the company’s stock valued at $264,000 after purchasing an additional 619 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Newmark Group by 10.6% during the fourth quarter. Assetmark Inc. now owns 8,018 shares of the company’s stock worth $139,000 after buying an additional 769 shares in the last quarter. Farther Finance Advisors LLC raised its position 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 buying an additional 797 shares during the last quarter. Larson Financial Group LLC raised its position 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 buying an additional 915 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in shares of Newmark Group by 4.9% during the fourth quarter. Bleakley Financial Group LLC now owns 20,723 shares of the company’s stock valued at $359,000 after buying an additional 973 shares during the period. 58.42% of the stock is currently owned by institutional investors and hedge funds.

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.