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

Key Points

• Newmark Group, Inc. has received an average rating of "Buy" from six analysts, with a target price of $16.83 over the next twelve months.
• The company reported $0.31 earnings per share last quarter, exceeding estimates and with year-over-year revenue growth of 19.9%.
• Newmark Group recently declared a quarterly dividend of $0.03 per share, reflecting an annualized yield of 0.6%.

Shares of Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report) have been assigned an average recommendation of "Buy" from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.8333.

NMRK has been the topic of several recent analyst reports. Wolfe Research upgraded Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 price target on the stock in a report on Friday, May 23rd. Wall Street Zen upgraded Newmark Group from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods increased their price objective on 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 objective on Newmark Group from $17.00 to $19.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 31st. Finally, Citizens Jmp assumed coverage on Newmark Group in a research note on Monday, July 21st. They issued a "strong-buy" rating and a $17.00 price objective on the stock.

Newmark Group Trading Up 0.2%

Shares of NASDAQ NMRK traded up $0.04 during midday trading on Tuesday, hitting $19.28. The company's stock had a trading volume of 1,859,853 shares, compared to its average volume of 1,283,899. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.58. The business's 50 day moving average is $15.82 and its two-hundred day moving average is $13.08. Newmark Group has a 12-month low of $9.65 and a 12-month high of $19.70. The firm has a market cap of $3.41 billion, a P/E ratio of 45.91 and a beta of 2.08.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. Newmark Group had a return on equity of 22.73% and a net margin of 2.51%.The firm had revenue of $759.10 million for the quarter, compared to the consensus estimate of $695.24 million. During the same period in the prior year, the business posted $0.22 earnings per share. 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. As a group, equities research analysts expect that Newmark Group will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 14th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.12 annualized dividend and a yield of 0.6%. Newmark Group's dividend payout ratio is 28.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NMRK. Northern Trust Corp grew its stake in Newmark Group by 1.5% in the fourth quarter. Northern Trust Corp now owns 1,474,824 shares of the company's stock worth $18,892,000 after purchasing an additional 21,586 shares in the last quarter. Jane Street Group LLC grew its stake in Newmark Group by 12.4% in the fourth quarter. Jane Street Group LLC now owns 157,303 shares of the company's stock worth $2,015,000 after purchasing an additional 17,302 shares in the last quarter. Captrust Financial Advisors boosted its position in Newmark Group by 36.6% during the 4th quarter. Captrust Financial Advisors now owns 73,398 shares of the company's stock valued at $940,000 after acquiring an additional 19,660 shares in the last quarter. Cetera Investment Advisers boosted its position in Newmark Group by 2.7% during the 4th quarter. Cetera Investment Advisers now owns 53,635 shares of the company's stock valued at $687,000 after acquiring an additional 1,385 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Newmark Group by 75.5% during the 4th quarter. Deutsche Bank AG now owns 566,648 shares of the company's stock valued at $7,259,000 after acquiring an additional 243,806 shares in the last quarter. Institutional investors own 58.42% of the company's stock.

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.