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

Newmark Group, Inc. (NASDAQ:NMRK) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $20.30.

NMRK has been the subject of a number of recent analyst reports. UBS Group set a $22.00 price objective on Newmark Group in a research report on Monday, August 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $19.00 target price on shares of Newmark Group in a research report on Monday, June 29th. Wall Street Zen lowered shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Newmark Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Newmark Group in a research note on Friday, August 7th.

Newmark Group Stock Up 0.7%

NMRK stock opened at $13.94 on Friday. Newmark Group has a one year low of $13.36 and a one year high of $19.83. The firm has a market cap of $2.53 billion, a PE ratio of 17.21 and a beta of 1.67. The firm’s 50 day moving average price is $15.17 and its 200-day moving average price is $15.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.55.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%.The company had revenue of $888.42 million during the quarter, compared to analyst estimates of $865.24 million. During the same period in the prior year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. On average, equities research analysts anticipate that Newmark Group will post 1.97 EPS for the current year.

Newmark Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 14th. Newmark Group’s dividend payout ratio (DPR) is 29.63%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NMRK. Millstone Evans Group LLC grew its stake 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 buying an additional 1,293 shares in the last quarter. Nykredit A S purchased a new stake in shares of Newmark Group in the 2nd quarter valued at $41,000. Ancora Advisors LLC acquired a new position in Newmark Group during the 2nd quarter worth about $45,000. Rockefeller Capital Management L.P. boosted its holdings in Newmark Group by 29.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,160 shares of the company’s stock valued at $142,000 after acquiring an additional 1,848 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Newmark Group by 9,157.7% during the 1st quarter. Fifth Third Bancorp now owns 8,980 shares of the company’s stock valued at $135,000 after acquiring an additional 8,883 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 commercial real estate services company that provides advisory, transaction, and property-related services to corporate, institutional, and private clients. Its activities include office and industrial leasing, investment sales, debt and equity placement, valuation, consulting, and corporate real estate advisory.

The company also offers property management, facilities management, project management, and other services intended to support the ownership, operation, and strategic planning of commercial real estate.