Newmark Group (NASDAQ:NMRK) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Newmark Group (NASDAQ:NMRK) from a buy rating to a strong-buy rating in a report published on Saturday morning.

Several other equities research analysts also recently issued reports on the stock. Piper Sandler raised their target price on shares of Newmark Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Citizens Jmp began coverage on Newmark Group in a research note on Monday, July 21st. They issued a “strong-buy” rating and a $17.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Newmark Group in a research report on Wednesday, October 8th. JMP Securities upped their price target on shares of Newmark Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Thursday, July 31st. Finally, Keefe, Bruyette & Woods boosted their price objective on Newmark Group from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.83.

Newmark Group Trading Down 0.7%

NASDAQ NMRK opened at $16.42 on Friday. The company has a market cap of $2.90 billion, a PE ratio of 28.81 and a beta of 2.13. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.46. Newmark Group has a 12 month low of $9.65 and a 12 month high of $19.83. The stock has a 50 day moving average of $18.29 and a 200-day moving average of $15.10.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Thursday, October 30th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Newmark Group had a net margin of 3.26% and a return on equity of 23.69%. The business had revenue of $863.46 million for the quarter, compared to the consensus estimate of $767.12 million. During the same period in the previous year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter 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, equities research analysts anticipate that Newmark Group will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, November 17th. Newmark Group’s dividend payout ratio is presently 21.05%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in Newmark Group by 338.0% during the third quarter. Farther Finance Advisors LLC now owns 1,879 shares of the company’s stock worth $35,000 after purchasing an additional 1,450 shares during the period. Global Retirement Partners LLC raised its position in shares of Newmark Group by 135.9% in 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Newmark Group in the 1st quarter valued at approximately $47,000. CWM LLC lifted its holdings in shares of Newmark Group by 63.8% during the 1st quarter. CWM LLC now owns 7,693 shares of the company’s stock worth $94,000 after acquiring an additional 2,996 shares during the period. Finally, Xponance Inc. bought a new stake in shares of Newmark Group during the 1st quarter worth approximately $122,000. Institutional investors own 58.42% of the company’s stock.

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.