Newmark Group, Inc. (NASDAQ:NMRK) Given Average Rating of "Buy" by Brokerages

Key Points

• Analysts remain bullish on Newmark Group: Seven brokerages give the stock an average “Buy” rating, with five buys, one strong buy, and one hold. The average 12-month price target is $20.30.
• Institutional ownership increased: Several investment firms recently expanded or initiated positions, and institutional investors and hedge funds now own 58.42% of the company.
• Newmark reported quarterly EPS of $0.39, in line with estimates, while revenue of $888.42 million exceeded expectations and rose 17% year over year. The company also pays a $0.06 quarterly dividend, representing a 1.7% yield.

Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report) has been assigned an average recommendation of "Buy" from the seven ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $20.30.

NMRK has been the topic of a number of research reports. Wall Street Zen lowered Newmark Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 5th. Piper Sandler reissued an "overweight" rating and issued a $19.00 price target on shares of Newmark Group in a report on Monday, June 29th. UBS Group set a $22.00 price objective on shares of Newmark Group in a research report on Monday, August 10th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Newmark Group in a report on Friday, August 7th. Finally, Zacks Research upgraded shares of Newmark Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd.

Institutional Investors Weigh In On Newmark Group

Institutional investors have recently bought and sold shares of the company. Hillsdale Investment Management Inc. raised its holdings in shares of Newmark Group by 115,331.1% during the 1st quarter. Hillsdale Investment Management Inc. now owns 519,440 shares of the company's stock worth $7,786,000 after acquiring an additional 518,990 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Newmark Group in the first quarter valued at about $5,435,000. FJ Capital Management LLC grew its holdings in shares of Newmark Group by 402.5% in the fourth quarter. FJ Capital Management LLC now owns 418,973 shares of the company's stock valued at $7,265,000 after purchasing an additional 335,594 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Newmark Group during the second quarter worth about $4,415,000. Finally, Dimensional Fund Advisors LP increased its position in Newmark Group by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company's stock worth $80,095,000 after purchasing an additional 227,649 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Newmark Group Stock Up 0.7%

NASDAQ:NMRK opened at $13.94 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. Newmark Group has a twelve month low of $13.36 and a twelve month high of $19.83. The company has a market cap of $2.53 billion, a PE ratio of 17.21 and a beta of 1.67. The company's 50 day moving average is $15.17 and its two-hundred day moving average is $15.11.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. The business 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 business's quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Analysts anticipate that Newmark Group will post 1.97 EPS for the current year.

Newmark Group Dividend Announcement

The business also recently declared 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. This represents a $0.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 14th. Newmark Group's dividend payout ratio is 29.63%.

Newmark Group Company Profile

Newmark Group, Inc is a commercial real estate services company that provides advisory, transaction, and property-related services to corporate, institutional, and private clients. Its activities include office and industrial leasing, investment sales, debt and equity placement, valuation, consulting, and corporate real estate advisory.

The company also offers property management, facilities management, project management, and other services intended to support the ownership, operation, and strategic planning of commercial real estate.

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