Newmark Group, Inc. (NASDAQ:NMRK) Receives Consensus Rating of "Buy" from Brokerages

Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report) has received a consensus rating of "Buy" from the six analysts that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $15.83.

Several research firms recently weighed in on NMRK. JMP Securities initiated coverage on shares of Newmark Group in a report on Monday. They set a "market outperform" rating and a $17.00 target price on the stock. Wall Street Zen lowered Newmark Group from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Piper Sandler reduced their price target on Newmark Group from $19.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Citizens Jmp assumed coverage on shares of Newmark Group in a research report on Monday. They set a "strong-buy" rating and a $17.00 target price on the stock. Finally, Wolfe Research raised shares of Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a research report on Friday, May 23rd.

Newmark Group Trading Up 1.1%

Shares of NMRK traded up $0.15 during trading hours on Monday, hitting $13.42. The stock had a trading volume of 436,217 shares, compared to its average volume of 1,097,622. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $2.48 billion, a P/E ratio of 34.40 and a beta of 1.93. The company's fifty day simple moving average is $11.74 and its 200 day simple moving average is $12.24. Newmark Group has a 12-month low of $9.65 and a 12-month high of $16.10.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. Newmark Group had a return on equity of 21.85% and a net margin of 2.39%. The company had revenue of $665.49 million for the quarter, compared to the consensus estimate of $609.28 million. During the same period last year, the business posted $0.15 EPS. The company's quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts forecast 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 was paid on Thursday, May 29th. Stockholders of record on Wednesday, May 14th were paid a $0.03 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.89%. Newmark Group's dividend payout ratio (DPR) is presently 30.77%.

Institutional Trading of Newmark Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Newmark Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,114,662 shares of the company's stock worth $270,479,000 after purchasing an additional 83,094 shares during the period. Dimensional Fund Advisors LP raised its stake in Newmark Group by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,374,705 shares of the company's stock worth $81,660,000 after acquiring an additional 88,618 shares during the period. Millennium Management LLC raised its stake in Newmark Group by 89.7% during the first quarter. Millennium Management LLC now owns 3,635,561 shares of the company's stock worth $44,245,000 after acquiring an additional 1,719,375 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Newmark Group by 103.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,948,511 shares of the company's stock worth $37,770,000 after purchasing an additional 1,502,372 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Newmark Group by 2.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company's stock worth $30,199,000 after purchasing an additional 55,628 shares during the period. Institutional investors and hedge funds 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.