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

Shares of Newmark Group, Inc. (NASDAQ:NMRK) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $18.50.

A number of brokerages have weighed in on NMRK. Wall Street Zen raised Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Citizens Jmp raised their price objective on Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, May 1st. Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Keefe, Bruyette & Woods raised their price objective on Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Barclays cut their price objective on Newmark Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, March 13th.

Newmark Group Trading Up 0.5%

Shares of NMRK stock opened at $14.53 on Friday. The stock’s fifty day moving average price is $15.28 and its two-hundred day moving average price is $16.16. The company has a market cap of $2.58 billion, a PE ratio of 17.94 and a beta of 1.76. Newmark Group has a fifty-two week low of $10.20 and a fifty-two week high of $19.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.48.

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

Newmark Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be issued a dividend of $0.06 per share. This is a positive change from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.7%. Newmark Group’s dividend payout ratio (DPR) is 29.63%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NMRK. Millstone Evans Group LLC raised its position in Newmark Group by 366.3% during the 1st quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock worth $25,000 after purchasing an additional 1,293 shares during the last quarter. Advisory Services Network LLC bought a new position in Newmark Group during the 3rd quarter worth $29,000. Larson Financial Group LLC raised its position in Newmark Group by 98.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock worth $34,000 after purchasing an additional 915 shares during the last quarter. Farther Finance Advisors LLC raised its position in Newmark Group by 42.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock worth $46,000 after purchasing an additional 797 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Newmark Group by 4,587.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,687 shares of the company’s stock worth $82,000 after purchasing an additional 4,587 shares during the last quarter. 58.42% of the stock is owned by institutional investors.

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.