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

Shares of Newmark Group, Inc. (NASDAQ:NMRK) have been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the stock, MarketBeat 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 objective among analysts that have issued a report on the stock in the last year is $20.30.

Several analysts have recently issued reports on the stock. Barclays upped their target price on shares of Newmark Group from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Piper Sandler reiterated an “overweight” rating and issued a $19.00 price target on shares of Newmark Group in a research report on Monday, June 29th. UBS Group set a $22.00 price objective on Newmark Group in a research note on Monday, August 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Newmark Group in a research note on Friday, August 7th. Finally, Citigroup reiterated a “market outperform” rating on shares of Newmark Group in a report on Monday, August 10th.

Newmark Group Trading Down 5.8%

NMRK stock opened at $13.13 on Friday. The firm has a fifty day moving average price of $15.08 and a 200 day moving average price of $15.10. Newmark Group has a fifty-two week low of $13.10 and a fifty-two week high of $19.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market cap of $2.38 billion, a PE ratio of 16.21 and a beta of 1.67.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results 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 net margin of 4.11% and a return on equity of 27.07%. The company had revenue of $888.42 million for the quarter, compared to analysts’ expectations of $865.24 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. Newmark Group’s quarterly revenue was up 17.0% on a year-over-year basis. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Sell-side analysts anticipate that Newmark Group will post 1.97 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders 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 dividend on an annualized basis and a yield of 1.8%. Newmark Group’s payout ratio is 29.63%.

Institutional Investors Weigh In On Newmark Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Newmark Group by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company’s stock valued at $80,095,000 after purchasing an additional 227,649 shares during the last quarter. Systematic Financial Management LP lifted its stake in Newmark Group by 1.2% in the fourth quarter. Systematic Financial Management LP now owns 1,571,507 shares of the company’s stock worth $27,250,000 after purchasing an additional 19,238 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Newmark Group by 18.9% in the first quarter. Bank of New York Mellon Corp now owns 1,173,058 shares of the company’s stock worth $17,584,000 after purchasing an additional 186,236 shares during the last quarter. Sei Investments Co. lifted its stake in Newmark Group by 9.6% in the first quarter. Sei Investments Co. now owns 814,101 shares of the company’s stock worth $12,203,000 after purchasing an additional 71,516 shares during the last quarter. Finally, Jefferies Financial Group Inc. boosted its position in shares of Newmark Group by 29.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 566,847 shares of the company’s stock valued at $9,829,000 after buying an additional 128,697 shares during the period. Hedge funds and other institutional investors own 58.42% of the company’s stock.

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.