Newmark Group (NASDAQ:NMRK) Announces Quarterly Earnings Results

Newmark Group (NASDAQ:NMRK) released its earnings results on Friday. The company reported $0.08 earnings per share for the quarter, FiscalAI reports. The company had revenue of $846.52 million for the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.46%.

Newmark Group Stock Performance

NASDAQ:NMRK opened at $16.73 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.51 and a current ratio of 0.51. The company has a fifty day moving average of $15.16 and a two-hundred day moving average of $16.42. The stock has a market capitalization of $3.09 billion, a PE ratio of 20.65 and a beta of 1.76. Newmark Group has a fifty-two week low of $10.20 and a fifty-two week high of $19.83.

Newmark Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.06 per share. This is a boost from Newmark Group’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, May 14th. Newmark Group’s dividend payout ratio (DPR) is currently 14.81%.

Wall Street Analyst Weigh In

NMRK has been the topic of a number of recent analyst reports. Citizens Jmp increased their price target 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. Weiss Ratings reissued a “hold (c)” rating on shares of Newmark Group in a report on Tuesday, April 21st. Wall Street Zen raised shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Barclays lowered their price target 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. Finally, Keefe, Bruyette & Woods increased their price target on shares of Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Newmark Group currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Hedge Funds Weigh In On Newmark Group

A number of large investors have recently added to or reduced their stakes in NMRK. Royal Bank of Canada raised its position in Newmark Group by 16.5% during the first quarter. Royal Bank of Canada now owns 44,977 shares of the company’s stock worth $546,000 after acquiring an additional 6,375 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Newmark Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,330 shares of the company’s stock worth $953,000 after acquiring an additional 3,430 shares during the period. Goldman Sachs Group Inc. raised its position in Newmark Group by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company’s stock worth $30,199,000 after acquiring an additional 55,628 shares during the period. Caxton Associates LLP acquired a new position in Newmark Group during the first quarter worth $276,000. Finally, Jane Street Group LLC raised its position in Newmark Group by 148.3% during the first quarter. Jane Street Group LLC now owns 390,633 shares of the company’s stock worth $4,754,000 after acquiring an additional 233,330 shares during the period. 58.42% of the stock is currently owned by institutional investors and hedge funds.

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.