Newmark Group (NASDAQ:NMRK) Now Covered by JMP Securities

JMP Securities began coverage on shares of Newmark Group (NASDAQ:NMRK - Free Report) in a research note published on Monday,Benzinga reports. The firm issued a market outperform rating and a $17.00 price target on the stock.

NMRK has been the topic of several other reports. Piper Sandler dropped their price objective on shares of Newmark Group from $19.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Keefe, Bruyette & Woods lowered their price target on shares of Newmark Group from $14.50 to $14.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Wolfe Research raised shares of 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. Finally, Wall Street Zen lowered Newmark Group from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $15.83.

Newmark Group Stock Up 1.1%

Shares of Newmark Group stock traded up $0.15 on Monday, reaching $13.42. 436,217 shares of the company were exchanged, compared to its average volume of 1,097,622. Newmark Group has a one year low of $9.65 and a one year high of $16.10. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 34.40 and a beta of 1.93. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $11.74 and a 200 day moving average of $12.24.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $665.49 million for the quarter, compared to analyst estimates of $609.28 million. Newmark Group had a net margin of 2.39% and a return on equity of 21.85%. The company's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share. On average, equities research analysts forecast that Newmark Group will post 1.45 earnings per share for the current year.

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.89%. Newmark Group's dividend payout ratio (DPR) is presently 30.77%.

Hedge Funds Weigh In On Newmark Group

A number of hedge funds have recently added to or reduced their stakes in NMRK. Financial Management Professionals Inc. bought a new position in Newmark Group in the 1st quarter valued at about $26,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Newmark Group in the first quarter valued at approximately $47,000. Sterling Capital Management LLC increased its stake in Newmark Group by 813.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,149 shares of the company's stock valued at $53,000 after acquiring an additional 3,695 shares during the last quarter. KBC Group NV bought a new position in Newmark Group in the first quarter valued at approximately $78,000. Finally, CWM LLC increased its stake in Newmark Group by 63.8% in the first quarter. CWM LLC now owns 7,693 shares of the company's stock valued at $94,000 after acquiring an additional 2,996 shares during 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.