Newmark Group (NASDAQ:NMRK) Trading Up 7% – Here’s Why

Newmark Group, Inc. (NASDAQ:NMRK)’s share price rose 7% on Wednesday . The company traded as high as $15.55 and last traded at $15.7250. 115,860 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,478,593 shares. The stock had previously closed at $14.70.

Analyst Upgrades and Downgrades

NMRK has been the subject of several research analyst reports. Citizens Jmp upped their price target on Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. 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. Piper Sandler restated an “overweight” rating and issued a $19.00 price target on shares of Newmark Group in a report on Monday, June 29th. 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 note on Friday, May 1st. Finally, Wall Street Zen raised shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Newmark Group presently has a consensus rating of “Moderate Buy” and an average target price of $19.62.

Newmark Group Trading Up 6.0%

The firm has a fifty day moving average of $15.04 and a 200 day moving average of $15.58. The firm has a market capitalization of $2.77 billion, a PE ratio of 19.24 and a beta of 1.68. 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 (NASDAQ:NMRK) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $846.52 million during the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. Equities research analysts expect that Newmark Group, Inc. will post 1.91 EPS for the current year.

Newmark Group Increases Dividend

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

Institutional Trading of Newmark Group

Hedge funds have recently made changes to their positions in the stock. 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 worth $80,095,000 after acquiring an additional 227,649 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Newmark Group by 88.9% in the second quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock valued at $30,622,000 after buying an additional 1,186,191 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Newmark Group by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company’s stock valued at $30,199,000 after purchasing an additional 55,628 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Newmark Group by 422.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,039,976 shares of the company’s stock worth $35,373,000 after buying an additional 1,649,189 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Newmark Group by 32.1% during 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 period. Institutional investors and hedge funds own 58.42% of the company’s stock.

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.