Vision Capital Corp Acquires 100,934 Shares of Newmark Group, Inc. $NMRK

Vision Capital Corp boosted its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 72.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 239,566 shares of the company’s stock after buying an additional 100,934 shares during the period. Newmark Group accounts for approximately 1.8% of Vision Capital Corp’s holdings, making the stock its 8th largest holding. Vision Capital Corp’s holdings in Newmark Group were worth $4,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Boston Partners lifted its stake in shares of Newmark Group by 31.4% in the 4th quarter. Boston Partners now owns 1,081,662 shares of the company’s stock valued at $18,756,000 after purchasing an additional 258,284 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Newmark Group in the 4th quarter valued at about $340,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Newmark Group by 78.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 470,350 shares of the company’s stock valued at $8,156,000 after purchasing an additional 207,402 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Newmark Group by 5.5% in the 4th quarter. Wells Fargo & Company MN now owns 730,641 shares of the company’s stock valued at $12,669,000 after purchasing an additional 37,830 shares in the last quarter. Finally, HRT Financial LP acquired a new position in shares of Newmark Group in the 4th quarter valued at about $1,877,000. 58.42% of the stock is owned by institutional investors and hedge funds.

Newmark Group Stock Performance

Newmark Group stock opened at $15.18 on Friday. The stock’s 50 day moving average price is $15.28 and its 200 day moving average price is $15.92. The firm has a market capitalization of $2.69 billion, a PE ratio of 18.74 and a beta of 1.69. 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, Inc. has a one year low of $11.02 and a one year high of $19.83.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Friday, May 8th. The company reported $0.08 EPS for the quarter. Newmark Group had a return on equity of 26.23% and a net margin of 4.30%.The firm had revenue of $846.52 million for the quarter. As a group, sell-side analysts expect that Newmark Group, Inc. 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. Shareholders of record on Thursday, May 14th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.24 annualized dividend and a yield of 1.6%. This is a boost from Newmark Group’s previous quarterly dividend of $0.03. Newmark Group’s dividend payout ratio (DPR) is presently 29.63%.

Analyst Upgrades and Downgrades

NMRK has been the topic of several research analyst reports. Wall Street Zen raised Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Citizens Jmp lifted their price objective 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. Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Barclays reduced their price objective on Newmark Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Finally, Keefe, Bruyette & Woods boosted their price target on Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Newmark Group presently has a consensus rating of “Moderate Buy” and an average price target of $19.63.

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.