Newmark Group (NASDAQ:NMRK) Reaches New 1-Year High - Time to Buy?

Key Points

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Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as $17.58 and last traded at $17.49, with a volume of 130984 shares changing hands. The stock had previously closed at $17.25.

Analyst Ratings Changes

Several equities analysts have weighed in on NMRK shares. JMP Securities lifted their price target on shares of Newmark Group from $17.00 to $19.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. Piper Sandler lifted their price target on shares of Newmark Group from $16.00 to $19.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Wall Street Zen raised shares of Newmark Group from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods lifted their price target on shares of Newmark Group from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Finally, 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. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $16.83.

Newmark Group Trading Up 1.2%

The stock's fifty day moving average price is $13.40 and its 200 day moving average price is $12.54. 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 stock has a market capitalization of $3.08 billion, a P/E ratio of 41.56 and a beta of 2.04.

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

Newmark Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 14th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. Newmark Group's dividend payout ratio is 28.57%.

Institutional Trading of Newmark Group

A number of hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its stake in Newmark Group by 208.0% in the second quarter. Tower Research Capital LLC TRC now owns 14,488 shares of the company's stock worth $176,000 after acquiring an additional 9,784 shares during the period. Lazard Asset Management LLC lifted its stake in Newmark Group by 335.9% in the second quarter. Lazard Asset Management LLC now owns 132,043 shares of the company's stock worth $1,603,000 after acquiring an additional 101,752 shares during the period. Cubist Systematic Strategies LLC lifted its stake in Newmark Group by 17.8% in the second quarter. Cubist Systematic Strategies LLC now owns 706,779 shares of the company's stock worth $8,587,000 after acquiring an additional 107,012 shares during the period. Brevan Howard Capital Management LP lifted its stake in Newmark Group by 1,205.1% in the second quarter. Brevan Howard Capital Management LP now owns 148,664 shares of the company's stock worth $1,806,000 after acquiring an additional 137,273 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in Newmark Group in the second quarter worth about $534,000. 58.42% of the stock is owned by hedge funds and other institutional investors.

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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