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

Shares of Newmark Group, Inc. (NASDAQ:NMRK) have received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $19.6250.

NMRK has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on 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 upgraded Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Citizens Jmp increased their price target 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. 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. 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 Investors Weigh In On Newmark Group

A number of institutional investors have recently modified their holdings of the company. Balyasny Asset Management L.P. lifted its holdings in 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 valued at $35,373,000 after buying an additional 1,649,189 shares during the period. Assenagon Asset Management S.A. grew its holdings in Newmark Group by 319.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,604,326 shares of the company’s stock worth $27,819,000 after acquiring an additional 1,222,069 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in shares of Newmark Group in the 2nd quarter worth about $14,580,000. Ameriprise Financial Inc. raised its position in shares of Newmark Group by 88.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock worth $30,622,000 after acquiring an additional 1,186,191 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Newmark Group by 194.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,575,475 shares of the company’s stock valued at $29,383,000 after purchasing an additional 1,039,798 shares during the period. 58.42% of the stock is owned by institutional investors.

Newmark Group Price Performance

Shares of NASDAQ NMRK opened at $15.20 on Monday. The company has a 50 day simple moving average of $15.10 and a 200 day simple moving average of $15.62. The firm has a market cap of $2.70 billion, a PE ratio of 18.77 and a beta of 1.68. Newmark Group has a 1 year low of $12.06 and a 1 year high of $19.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.48.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.08 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 for the quarter. On average, research analysts forecast that Newmark Group will post 1.91 EPS for the current year.

Newmark Group Increases Dividend

The company also recently declared 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 an increase from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, May 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.6%. Newmark Group’s dividend payout ratio is presently 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.