Newmark Group (NASDAQ:NMRK) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen lowered shares of Newmark Group (NASDAQ:NMRK) from a strong-buy rating to a buy rating in a report released on Monday morning.

A number of other equities analysts have also weighed in on NMRK. Weiss Ratings upgraded shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Piper Sandler restated an “overweight” rating and set a $19.00 price objective on shares of Newmark Group in a research report on Monday, June 29th. Citizens Jmp lifted their target price 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. Finally, Keefe, Bruyette & Woods upped their target price on shares of Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.62.

Newmark Group Stock Down 0.6%

NMRK stock opened at $15.51 on Monday. The business’s 50-day moving average price is $14.96 and its 200-day moving average price is $15.52. The stock has a market cap of $2.75 billion, a P/E ratio of 19.15 and a beta of 1.68. 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 twelve month low of $12.52 and a twelve month high of $19.83.

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

Newmark Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.5%. This is a boost from Newmark Group’s previous quarterly dividend of $0.03. Newmark Group’s payout ratio is presently 29.63%.

Institutional Investors Weigh In On Newmark Group

A number of institutional investors have recently added to or reduced their stakes in NMRK. Millstone Evans Group LLC lifted its holdings 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 worth $25,000 after buying an additional 1,293 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Newmark Group during the third quarter worth $29,000. Larson Financial Group LLC grew its stake in Newmark Group by 98.9% during the third quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock valued at $34,000 after acquiring an additional 915 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Newmark Group by 42.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after acquiring an additional 797 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Newmark Group by 4,587.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,687 shares of the company’s stock valued at $82,000 after acquiring an additional 4,587 shares during the last quarter. 58.42% of the stock is owned by hedge funds and other institutional investors.

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.