Newmark Group, Inc. (NASDAQ:NMRK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Newmark Group, Inc. (NASDAQ:NMRK) have been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $19.6250.

Several equities analysts have recently commented on NMRK shares. Barclays reduced their target price on Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. 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. Keefe, Bruyette & Woods increased their price objective on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a research note on Friday, May 1st. Citizens Jmp raised 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, Piper Sandler reissued an “overweight” rating and issued a $19.00 target price on shares of Newmark Group in a research report on Monday, June 29th.

Institutional Trading of Newmark Group

Several hedge funds and other institutional investors have recently bought and sold shares of NMRK. Advisory Services Network LLC acquired a new stake in Newmark Group during the third quarter valued at approximately $29,000. Millstone Evans Group LLC grew its position in shares of Newmark Group by 366.3% in the 1st quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock worth $25,000 after acquiring an additional 1,293 shares in the last quarter. Larson Financial Group LLC increased 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 acquiring an additional 915 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Newmark Group by 42.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after acquiring an additional 797 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Newmark Group by 4,587.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,687 shares of the company’s stock valued at $82,000 after acquiring an additional 4,587 shares in the last quarter. 58.42% of the stock is owned by institutional investors.

Newmark Group Stock Performance

NASDAQ:NMRK opened at $15.72 on Monday. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 19.41 and a beta of 1.68. Newmark Group has a one year low of $12.06 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 business’s 50-day simple moving average is $15.17 and its 200 day simple moving average is $15.69.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.08 earnings per share 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 during the quarter. As a group, sell-side analysts predict that Newmark Group will post 1.91 earnings per share for the current fiscal year.

Newmark Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, May 14th. This is a positive change from Newmark Group’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a dividend yield of 1.5%. Newmark Group’s dividend payout ratio is 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.