Newmark Group, Inc. (NASDAQ:NMRK) Receives Average Recommendation of “Buy” from Brokerages

Newmark Group, Inc. (NASDAQ:NMRK) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has 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 twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $16.8333.

NMRK has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Newmark Group in a report on Saturday, September 27th. Citizens Jmp initiated coverage on shares of Newmark Group in a report on Monday, July 21st. They set a “strong-buy” rating and a $17.00 price target on the stock. Wall Street Zen raised shares of Newmark Group from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods raised their price target on shares of Newmark Group from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Finally, Piper Sandler raised their price target on shares of Newmark Group from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Monday, August 4th.

Newmark Group Stock Performance

Shares of NMRK stock opened at $18.18 on Friday. Newmark Group has a one year low of $9.65 and a one year high of $19.78. The company’s 50-day moving average is $17.69 and its 200 day moving average is $13.68. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 43.29 and a beta of 2.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.39 and a current ratio of 0.39.

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

Newmark Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 14th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. Newmark Group’s dividend payout ratio (DPR) is presently 28.57%.

Hedge Funds Weigh In On Newmark Group

A number of institutional investors and hedge funds have recently made changes to their positions in NMRK. Two Sigma Investments LP purchased a new position in shares of Newmark Group in the fourth quarter worth approximately $287,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Newmark Group by 4.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,806 shares of the company’s stock worth $420,000 after buying an additional 1,286 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Newmark Group by 1,510.9% in the first quarter. GAMMA Investing LLC now owns 16,576 shares of the company’s stock worth $202,000 after buying an additional 15,547 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Newmark Group by 822.8% in the first quarter. SG Americas Securities LLC now owns 427,144 shares of the company’s stock worth $5,198,000 after buying an additional 380,855 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Newmark Group in the first quarter worth approximately $916,000. Hedge funds and other institutional investors own 58.42% of the company’s stock.

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.