Newmark Group (NASDAQ:NMRK) Hits New 12-Month High - Still a Buy?

Key Points

• Newmark Group's stock has reached a new 52-week high of $18.39, closing at $18.28 with a trading volume of over 1.7 million shares.
• Analysts are optimistic, with a consensus target price of $16.83 and multiple firms giving an "outperform" rating; earnings exceeded expectations, reporting $0.31 EPS versus a consensus of $0.26.
• The company announced a quarterly dividend of $0.03, representing an annual dividend yield of 0.7%, with a payout ratio of 28.57%.

Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $18.39 and last traded at $18.28, with a volume of 1760196 shares. The stock had previously closed at $17.16.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NMRK shares. Citizens Jmp started coverage on Newmark Group in a research report on Monday, July 21st. They set a "strong-buy" rating and a $17.00 price objective for the company. Keefe, Bruyette & Woods raised their price objective on Newmark Group from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Wall Street Zen upgraded Newmark Group from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Wolfe Research upgraded Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 target price for the company in a report on Friday, May 23rd. Finally, Piper Sandler lifted their target price on Newmark Group from $16.00 to $19.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $16.83.

Newmark Group Stock Up 0.6%

The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $14.56 and a 200 day simple moving average of $12.81. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 43.36 and a beta of 2.04.

Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $695.24 million. During the same quarter last year, the firm posted $0.22 earnings per share. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. As a group, analysts expect that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

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

Institutional Investors Weigh In On Newmark Group

A number of hedge funds have recently added to or reduced their stakes in NMRK. MetLife Investment Management LLC grew its stake in Newmark Group by 1.3% in the fourth quarter. MetLife Investment Management LLC now owns 79,900 shares of the company's stock valued at $1,024,000 after acquiring an additional 1,035 shares during the period. Tower Research Capital LLC TRC grew its stake in Newmark Group by 48.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,378 shares of the company's stock valued at $120,000 after acquiring an additional 3,070 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Newmark Group by 9.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 126,534 shares of the company's stock valued at $1,621,000 after buying an additional 11,173 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Newmark Group by 4.3% during the fourth quarter. Voya Investment Management LLC now owns 68,594 shares of the company's stock valued at $879,000 after buying an additional 2,844 shares during the last quarter. Finally, Nebula Research & Development LLC purchased a new position in shares of Newmark Group during the fourth quarter valued at approximately $181,000. Institutional investors and hedge funds 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.