Newmark Group, Inc. (NASDAQ:NMRK) Receives $19.63 Average PT from Analysts

Shares of Newmark Group, Inc. (NASDAQ:NMRK) have received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.6250.

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Keefe, Bruyette & Woods boosted their price target 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. Weiss Ratings upgraded shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Citizens Jmp boosted their price objective on shares of Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. Finally, Barclays decreased their price objective on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, March 13th.

Institutional Trading of Newmark Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in Newmark Group by 30.6% during the first quarter. Bank of America Corp DE now owns 543,309 shares of the company’s stock worth $8,144,000 after buying an additional 127,365 shares in the last quarter. Amundi purchased a new stake in shares of Newmark Group in the first quarter valued at about $305,000. California State Teachers Retirement System lifted its holdings in shares of Newmark Group by 25.8% in the first quarter. California State Teachers Retirement System now owns 177,104 shares of the company’s stock valued at $2,655,000 after purchasing an additional 36,365 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Newmark Group by 179.2% in the first quarter. Quantinno Capital Management LP now owns 103,590 shares of the company’s stock valued at $1,553,000 after purchasing an additional 66,491 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Newmark Group by 12.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 315,169 shares of the company’s stock valued at $4,724,000 after purchasing an additional 35,135 shares in the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Price Performance

Shares of NASDAQ:NMRK opened at $14.74 on Thursday. Newmark Group has a one year low of $11.02 and a one year high of $19.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.48. The company has a 50-day simple moving average of $15.30 and a 200-day simple moving average of $15.87. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 18.20 and a beta of 1.69.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. The business had revenue of $846.52 million for the quarter. On average, analysts predict that Newmark Group will post 1.91 EPS for the current year.

Newmark Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were issued a dividend of $0.06 per share. This is an increase from Newmark Group’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, May 14th. Newmark Group’s payout ratio is presently 29.63%.

Newmark Group Company Profile

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.