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

Newmark Group, Inc. (NASDAQ:NMRK) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $18.2857.

A number of research firms have recently weighed in on NMRK. Weiss Ratings reissued a “hold (c)” rating on shares of Newmark Group in a research report on Wednesday, October 8th. Zacks Research lowered shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Wall Street Zen raised shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Barclays started coverage on shares of Newmark Group in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $21.00 target price on the stock. Finally, Keefe, Bruyette & Woods lifted their price target on Newmark Group from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th.

Institutional Investors Weigh In On Newmark Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Newmark Group during the third quarter worth $29,000. Larson Financial Group LLC boosted its holdings in shares of Newmark Group by 98.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock valued at $34,000 after buying an additional 915 shares during the period. Farther Finance Advisors LLC grew its position in shares of Newmark Group by 338.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,879 shares of the company’s stock valued at $35,000 after buying an additional 1,450 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Newmark Group by 135.9% during the 3rd quarter. Global Retirement Partners LLC now owns 2,326 shares of the company’s stock valued at $43,000 after buying an additional 1,340 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Newmark Group during the first quarter worth about $47,000. 58.42% of the stock is owned by institutional investors and hedge funds.

Newmark Group Trading Up 0.7%

Shares of NMRK opened at $17.28 on Thursday. Newmark Group has a one year low of $9.65 and a one year high of $19.83. The stock has a 50-day moving average price of $17.48 and a 200 day moving average price of $16.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $3.12 billion, a P/E ratio of 30.32 and a beta of 1.92.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $863.46 million for the quarter, compared to the consensus estimate of $767.12 million. Newmark Group had a return on equity of 23.69% and a net margin of 3.26%.Newmark Group’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. Sell-side analysts forecast that Newmark Group will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, November 17th. Newmark Group’s dividend payout ratio (DPR) is currently 21.05%.

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.