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

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%.

Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report) has been given an average rating of "Buy" by the six analysts that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.8333.

NMRK has been the subject of a number of research reports. Piper Sandler lifted their price target on Newmark Group from $16.00 to $19.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Citizens Jmp initiated coverage on Newmark Group in a research report on Monday, July 21st. They set a "strong-buy" rating and a $17.00 price target for the company. Wall Street Zen raised Newmark Group from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Wolfe Research raised Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 price target for the company in a research report on Friday, May 23rd. Finally, JMP Securities lifted their price target on Newmark Group from $17.00 to $19.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 31st.

Newmark Group Stock Up 1.3%

Shares of NMRK stock opened at $18.81 on Tuesday. Newmark Group has a 1-year low of $9.65 and a 1-year high of $18.90. The stock's fifty day moving average price is $15.29 and its 200 day moving average price is $12.95. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 44.79 and a beta of 2.08.

Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its 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 previous year, the business earned $0.22 EPS. The firm'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. On average, research analysts expect that Newmark Group will post 1.45 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

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

Institutional Trading of Newmark Group

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its position in Newmark Group by 57.1% during the second quarter. Osaic Holdings Inc. now owns 58,545 shares of the company's stock worth $712,000 after purchasing an additional 21,272 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in Newmark Group by 9.4% during the second quarter. Orion Porfolio Solutions LLC now owns 152,431 shares of the company's stock worth $1,852,000 after purchasing an additional 13,055 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Newmark Group by 208.0% during the second quarter. Tower Research Capital LLC TRC now owns 14,488 shares of the company's stock worth $176,000 after purchasing an additional 9,784 shares in the last quarter. Lazard Asset Management LLC boosted its position in Newmark Group by 335.9% during the second quarter. Lazard Asset Management LLC now owns 132,043 shares of the company's stock worth $1,603,000 after purchasing an additional 101,752 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in Newmark Group by 17.8% during the second quarter. Cubist Systematic Strategies LLC now owns 706,779 shares of the company's stock worth $8,587,000 after purchasing an additional 107,012 shares in the last quarter. Hedge funds and other institutional investors 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.

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