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

Newmark Group, Inc. (NASDAQ:NMRK) has been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $19.6250.

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

Institutional Trading of Newmark Group

A number of institutional investors have recently made changes to their positions in NMRK. Balyasny Asset Management L.P. lifted its position in shares of Newmark Group by 422.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,039,976 shares of the company’s stock worth $35,373,000 after purchasing an additional 1,649,189 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Newmark Group by 319.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,604,326 shares of the company’s stock worth $27,819,000 after purchasing an additional 1,222,069 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in shares of Newmark Group in the second quarter worth $14,580,000. Ameriprise Financial Inc. lifted its position in shares of Newmark Group by 88.9% in the second quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock worth $30,622,000 after purchasing an additional 1,186,191 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Newmark Group by 194.1% in the third quarter. Wellington Management Group LLP now owns 1,575,475 shares of the company’s stock worth $29,383,000 after purchasing an additional 1,039,798 shares in the last quarter. Institutional investors own 58.42% of the company’s stock.

Newmark Group Stock Performance

Shares of NMRK opened at $14.98 on Thursday. 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 has a twelve month low of $11.02 and a twelve month high of $19.83. The firm’s 50 day moving average price is $15.28 and its two-hundred day moving average price is $15.94. The firm has a market cap of $2.66 billion, a P/E ratio of 18.49 and a beta of 1.69.

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

Newmark Group Increases Dividend

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

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.