Newmark Group’s (NMRK) Neutral Rating Reiterated at Piper Sandler

Piper Sandler reissued their neutral rating on shares of Newmark Group (NASDAQ:NMRK) in a research note released on Monday, Marketbeat reports. They currently have a $13.00 price target on the stock, down from their previous price target of $14.00.

A number of other analysts have also commented on NMRK. Wall Street Zen lowered Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 5th. UBS Group set a $22.00 price objective on shares of Newmark Group in a research report on Monday, August 10th. Citigroup reissued a “market outperform” rating on shares of Newmark Group in a research report on Monday, August 10th. Barclays upped their price objective on shares of Newmark Group from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Finally, Zacks Research cut shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Newmark Group presently has an average rating of “Moderate Buy” and an average target price of $18.60.

Newmark Group Trading Down 1.4%

NMRK opened at $11.48 on Monday. The business has a 50 day simple moving average of $13.85 and a two-hundred day simple moving average of $14.77. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 6.40 and a beta of 1.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.55 and a quick ratio of 0.55. Newmark Group has a one year low of $11.26 and a one year high of $19.83.

Newmark Group (NASDAQ:NMRK) last released 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. The business had revenue of $888.42 million during the quarter, compared to analysts’ expectations of $865.24 million. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%. The business’s revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Analysts predict that Newmark Group will post 1.94 EPS for the current year.

Newmark Group Announces Dividend

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

Hedge Funds Weigh In On Newmark Group

A number of institutional investors have recently added to or reduced their stakes in NMRK. Assenagon Asset Management S.A. purchased a new stake in Newmark Group in the second quarter worth about $4,415,000. Bank of New York Mellon Corp lifted its holdings in shares of Newmark Group by 18.9% during the first quarter. Bank of New York Mellon Corp now owns 1,173,058 shares of the company’s stock valued at $17,584,000 after purchasing an additional 186,236 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Newmark Group during the second quarter valued at approximately $1,532,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Newmark Group during the first quarter valued at approximately $1,079,000. Finally, Hillsdale Investment Management Inc. lifted its holdings in shares of Newmark Group by 115,331.1% during the first quarter. Hillsdale Investment Management Inc. now owns 519,440 shares of the company’s stock valued at $7,786,000 after purchasing an additional 518,990 shares during the last quarter. Institutional investors own 58.42% of the company’s stock.

About Newmark Group

Newmark Group, Inc is a global commercial real estate services company that provides advisory, transaction, and management services to occupiers, owners, investors, and developers. Its services cover office, industrial, retail, multifamily, hospitality, and other commercial property sectors.

The company assists clients with leasing, investment sales, acquisition and disposition advisory, debt and structured finance, valuation, consulting, and property and facilities management. Newmark also provides corporate real estate services, workplace strategy, capital markets advice, and technology-enabled data and research solutions.

Newmark serves clients through operations in major real estate markets across North America, Europe, Asia-Pacific, and other international regions.