Newmark Group, Inc. (NASDAQ:NMRK) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Newmark Group, Inc. (NASDAQ:NMRK) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $18.80.

A number of research analysts recently weighed in on the stock. Zacks Research cut shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a report on Monday, August 10th. UBS Group set a $22.00 price target on Newmark Group in a research note on Monday, August 10th. Keefe, Bruyette & Woods decreased their price target on Newmark Group from $17.50 to $16.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Finally, Barclays raised their price target on Newmark Group from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, August 17th.

Newmark Group Price Performance

Shares of NASDAQ:NMRK opened at $11.71 on Wednesday. The company has a market capitalization of $2.12 billion, a P/E ratio of 14.46 and a beta of 1.76. Newmark Group has a 1-year low of $11.43 and a 1-year high of $19.83. The firm’s 50 day simple moving average is $14.23 and its two-hundred day simple moving average is $14.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.55 and a quick ratio of 0.55.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $888.42 million during the quarter, compared to analysts’ expectations of $865.24 million. Newmark Group had a net margin of 4.11% and a return on equity of 27.07%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 earnings per share. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Research analysts expect that Newmark Group will post 1.94 EPS for the current fiscal year.

Newmark Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.06 per share. The ex-dividend date was Friday, August 14th. This represents a $0.24 annualized dividend and a dividend yield of 2.0%. Newmark Group’s dividend payout ratio (DPR) is currently 29.63%.

Institutional Trading of Newmark Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in NMRK. Millstone Evans Group LLC increased its holdings in Newmark Group by 366.3% in the 1st quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock valued at $25,000 after acquiring an additional 1,293 shares during the last quarter. Nykredit A S purchased a new stake in Newmark Group in the 2nd quarter worth $41,000. Ancora Advisors LLC purchased a new stake in Newmark Group in the 2nd quarter worth $45,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Newmark Group by 29.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,160 shares of the company’s stock valued at $142,000 after purchasing an additional 1,848 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Newmark Group by 9,157.7% during the 1st quarter. Fifth Third Bancorp now owns 8,980 shares of the company’s stock valued at $135,000 after purchasing an additional 8,883 shares during the last quarter. Institutional investors own 58.42% of the company’s stock.

Newmark Group Company Profile

Newmark Group, Inc is a commercial real estate services company that provides advisory, transaction, and property-related services to corporations, institutional investors, landlords, tenants, and other real estate owners and users. Its business spans office, industrial, retail, multifamily, hospitality, and other property sectors.

The company’s services include leasing, investment sales, debt and structured finance, valuation and advisory, property management, and facilities management.