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

Newmark Group, Inc. (NASDAQ:NMRK) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $19.6250.

NMRK has been the topic of several recent research reports. Barclays decreased their price objective on 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 raised Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Citizens Jmp lifted their target price on Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a research note on Friday, May 1st. Keefe, Bruyette & Woods lifted their target price on Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th.

Institutional Trading of Newmark Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP raised its stake in Newmark Group by 2,289.5% during the 3rd quarter. Quantbot Technologies LP now owns 157,827 shares of the company’s stock valued at $2,943,000 after purchasing an additional 151,222 shares during the period. Brummer Multi Strategy AB bought a new stake in Newmark Group in the 3rd quarter worth approximately $3,535,000. Jefferies Financial Group Inc. increased its stake in Newmark Group by 170.3% in the 3rd quarter. Jefferies Financial Group Inc. now owns 438,150 shares of the company’s stock worth $8,171,000 after acquiring an additional 276,030 shares during the last quarter. Vision Capital Corp bought a new stake in Newmark Group in the 3rd quarter worth approximately $2,585,000. Finally, JPMorgan Chase & Co. increased its stake in Newmark Group by 32.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,793,401 shares of the company’s stock worth $33,447,000 after acquiring an additional 435,646 shares during the last quarter. Institutional investors own 58.42% of the company’s stock.

Newmark Group Stock Up 0.5%

NASDAQ NMRK opened at $14.60 on Friday. The stock’s 50-day moving average price is $15.29 and its 200-day moving average price is $16.15. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. Newmark Group has a 52 week low of $10.45 and a 52 week high of $19.83. The company has a market capitalization of $2.59 billion, a P/E ratio of 18.02 and a beta of 1.76.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data 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. On average, equities research analysts predict that Newmark Group will post 1.91 earnings per share for the current year.

Newmark Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be 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 is Thursday, May 14th. This represents a $0.24 annualized dividend and a yield of 1.6%. Newmark Group’s dividend payout ratio is 29.63%.

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.