Newmark Group, Inc. (NASDAQ:NMRK) Receives $16.83 Average Price Target from Analysts

Newmark Group, Inc. (NASDAQ:NMRK) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $16.8333.

NMRK has been the topic of a number of recent research reports. Wall Street Zen raised shares of Newmark Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Piper Sandler lifted their price target on shares of Newmark Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Keefe, Bruyette & Woods boosted their target price on shares of Newmark Group from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Citizens Jmp began coverage on shares of Newmark Group in a research report on Monday, July 21st. They set a “strong-buy” rating and a $17.00 target price on the stock. Finally, Zacks Research cut shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd.

Newmark Group Trading Down 2.8%

Shares of NMRK stock opened at $17.67 on Friday. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 42.07 and a beta of 2.09. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.58. Newmark Group has a fifty-two week low of $9.65 and a fifty-two week high of $19.78. The firm’s 50 day moving average price is $17.77 and its two-hundred day moving average price is $13.73.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The firm had revenue of $759.10 million for the quarter, compared to analysts’ expectations of $695.24 million. Newmark Group had a net margin of 2.51% and a return on equity of 22.73%. Newmark Group’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. On average, analysts anticipate that Newmark Group will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 14th. Newmark Group’s payout ratio is presently 28.57%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Newmark Group in the first quarter valued at $47,000. KBC Group NV acquired a new stake in Newmark Group in the first quarter valued at $78,000. CWM LLC raised its holdings in Newmark Group by 63.8% in the first quarter. CWM LLC now owns 7,693 shares of the company’s stock valued at $94,000 after acquiring an additional 2,996 shares in the last quarter. Xponance Inc. acquired a new stake in Newmark Group in the first quarter valued at $122,000. Finally, Berry Wealth Group LP acquired a new stake in Newmark Group in the first quarter valued at $127,000. 58.42% of the stock is owned by institutional investors and hedge funds.

About Newmark Group

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.