Newmark Group, Inc. (NASDAQ:NMRK) Stock Has Average Target Price of $18.80

Key Points

• Analyst sentiment is moderately positive: Five of seven analysts rate Newmark Group a buy, while two recommend holding the stock. The average 12-month price target is $18.80, compared with a recent share price of $11.71.
• Newmark reported quarterly EPS of $0.39, matching estimates, while revenue of $888.42 million exceeded expectations and increased 17% year over year. Analysts expect approximately $1.94 in EPS for the current year.
• Institutional investors own 58.42% of the company, with several major funds increasing their positions. Newmark also pays a quarterly dividend of $0.06, equivalent to a 2.0% annual yield.

Shares of Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven analysts that are presently covering the stock, Marketbeat Ratings 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 price target among brokerages that have issued ratings on the stock in the last year is $18.80.

A number of analysts recently commented on the company. UBS Group set a $22.00 price objective on Newmark Group in a research report on Monday, August 10th. Wall Street Zen downgraded Newmark Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods dropped their target price on Newmark Group from $17.50 to $16.00 and set an "outperform" rating on the stock in a research report on Friday, October 9th. Barclays boosted their price target on Newmark Group from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Monday, August 17th. Finally, Zacks Research downgraded Newmark Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 18th.

Hedge Funds Weigh In On Newmark Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in Newmark Group by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company's stock worth $80,095,000 after acquiring an additional 227,649 shares during the period. Systematic Financial Management LP grew its position in shares of Newmark Group by 7.7% during the 1st quarter. Systematic Financial Management LP now owns 1,692,518 shares of the company's stock valued at $25,371,000 after acquiring an additional 121,011 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Newmark Group by 18.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,173,058 shares of the company's stock worth $17,584,000 after purchasing an additional 186,236 shares in the last quarter. Sei Investments Co. increased its stake in shares of Newmark Group by 9.6% in the 1st quarter. Sei Investments Co. now owns 814,101 shares of the company's stock worth $12,203,000 after purchasing an additional 71,516 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Newmark Group by 30.6% in the 1st quarter. Bank of America Corp DE now owns 543,309 shares of the company's stock worth $8,144,000 after purchasing an additional 127,365 shares in the last quarter. Hedge funds and other institutional investors own 58.42% of the company's stock.

Newmark Group Price Performance

Shares of NMRK opened at $11.71 on Wednesday. The firm has a market cap of $2.12 billion, a PE ratio of 14.46 and a beta of 1.76. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $14.23 and a two-hundred day simple moving average of $14.90. Newmark Group has a 1-year low of $11.43 and a 1-year high of $19.83.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $888.42 million for the quarter, compared to analysts' expectations of $865.24 million. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%. The company's revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. On average, equities analysts anticipate that Newmark Group will post 1.94 EPS for the current year.

Newmark Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.0%. 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.