Newmark Group (NASDAQ:NMRK) Research Coverage Started at Barclays

Barclays initiated coverage on shares of Newmark Group (NASDAQ:NMRK) in a report published on Tuesday, MarketBeat.com reports. The firm issued an overweight rating and a $21.00 price target on the stock.

Several other equities analysts have also commented on the company. Zacks Research lowered Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Piper Sandler boosted their price target on shares of Newmark Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods raised their price objective on Newmark Group from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Wall Street Zen raised Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Newmark Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Newmark Group has a consensus rating of “Moderate Buy” and an average price target of $18.29.

Newmark Group Stock Performance

NASDAQ:NMRK opened at $17.79 on Tuesday. The company has a market capitalization of $3.21 billion, a P/E ratio of 31.21 and a beta of 1.92. The business has a fifty day simple moving average of $17.65 and a two-hundred day simple moving average of $15.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.39 and a quick ratio of 0.39. Newmark Group has a 1 year low of $9.65 and a 1 year high of $19.83.

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

Newmark Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors 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 was Monday, November 17th. Newmark Group’s dividend payout ratio (DPR) is 21.05%.

Institutional Trading of Newmark Group

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of Newmark Group by 5.9% during the 2nd quarter. Geode Capital Management LLC now owns 3,823,432 shares of the company’s stock worth $46,460,000 after purchasing an additional 213,941 shares during the last quarter. Millennium Management LLC increased its position in shares of Newmark Group by 89.7% in the first quarter. Millennium Management LLC now owns 3,635,561 shares of the company’s stock worth $44,245,000 after acquiring an additional 1,719,375 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Newmark Group by 88.9% during the 2nd 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 period. Goldman Sachs Group Inc. raised its stake in shares of Newmark Group by 2.3% during the first 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 period. Finally, Boston Partners lifted its stake in shares of Newmark Group by 65.2% in the second quarter. Boston Partners now owns 2,212,910 shares of the company’s stock worth $26,899,000 after acquiring an additional 873,180 shares in the last quarter. 58.42% of the stock is owned by hedge funds and other institutional investors.

Newmark Group Company Profile

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.