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

Key Points

• Newmark Group, Inc. has received a consensus rating of "Buy" from seven analysts, with a target price averaging $16.83.
• In the first quarter, several institutional investors increased their stakes in Newmark Group, resulting in institutional ownership of 58.42% of the stock.
• The company recently declared a quarterly dividend of $0.03, reflecting a 0.7% dividend yield and a payout ratio of 28.57%.

Shares of Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report) have been assigned a consensus rating of "Buy" from the seven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $16.8333.

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Newmark Group from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods increased their price target on shares of Newmark Group from $14.00 to $15.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. JMP Securities increased their price target on shares of Newmark Group from $17.00 to $19.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of Newmark Group in a research note on Saturday, September 27th. Finally, Citizens Jmp initiated coverage on shares of Newmark Group in a research note on Monday, July 21st. They issued a "strong-buy" rating and a $17.00 price target for the company.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NMRK. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Newmark Group in the 1st quarter worth about $47,000. KBC Group NV purchased a new stake in Newmark Group during the 1st quarter valued at about $78,000. CWM LLC grew its position in Newmark Group by 63.8% during the 1st quarter. CWM LLC now owns 7,693 shares of the company's stock valued at $94,000 after purchasing an additional 2,996 shares during the last quarter. Xponance Inc. purchased a new stake in Newmark Group during the 1st quarter valued at about $122,000. Finally, Berry Wealth Group LP purchased a new stake in Newmark Group during the 1st quarter valued at about $127,000. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Stock Up 0.1%

Shares of NASDAQ NMRK opened at $18.18 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.58. Newmark Group has a 12 month low of $9.65 and a 12 month high of $19.78. The firm has a market capitalization of $3.21 billion, a PE ratio of 43.29 and a beta of 2.09. The firm has a fifty day simple moving average of $17.69 and a two-hundred day simple moving average of $13.68.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. Newmark Group had a net margin of 2.51% and a return on equity of 22.73%. The business had revenue of $759.10 million during the quarter, compared to analyst estimates of $695.24 million. During the same period in the prior year, the business earned $0.22 EPS. The company's revenue for the quarter was up 19.9% on a year-over-year basis. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. Equities analysts expect that Newmark Group will post 1.45 earnings per share for the current year.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 14th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 14th. Newmark Group's dividend payout ratio (DPR) is presently 28.57%.

Newmark Group Company Profile

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.

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