Newmark Group (NASDAQ:NMRK) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Newmark Group (NASDAQ:NMRK) from a strong-buy rating to a buy rating in a research note published on Monday.

NMRK has been the subject of several other research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $19.00 price objective on shares of Newmark Group in a report on Monday, June 29th. Keefe, Bruyette & Woods increased their target price on Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a report on Friday, May 1st. Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, Citizens Jmp boosted their price target on Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a research note on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.62.

Newmark Group Stock Down 2.5%

Shares of Newmark Group stock opened at $15.34 on Monday. Newmark Group has a twelve month low of $13.12 and a twelve month high of $19.83. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $14.94 and its 200 day moving average is $15.50. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 18.94 and a beta of 1.68.

Newmark Group (NASDAQ:NMRK) last posted its earnings results on Friday, May 8th. The company reported $0.08 EPS for the quarter. The business had revenue of $846.52 million during the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. Research analysts anticipate that Newmark Group will post 1.97 EPS for the current year.

Newmark Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were paid a $0.06 dividend. This is a positive change from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, May 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. Newmark Group’s dividend payout ratio (DPR) is currently 29.63%.

Hedge Funds Weigh In On Newmark Group

Institutional investors have recently bought and sold shares of the stock. Robertson Stephens Wealth Management LLC boosted its holdings in Newmark Group by 22.6% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 397,408 shares of the company’s stock worth $6,891,000 after buying an additional 73,239 shares during the period. JPMorgan Chase & Co. raised its holdings in Newmark Group by 32.1% during the third quarter. JPMorgan Chase & Co. now owns 1,793,401 shares of the company’s stock valued at $33,447,000 after acquiring an additional 435,646 shares during the period. SG Americas Securities LLC raised its holdings in Newmark Group by 244.6% during the fourth quarter. SG Americas Securities LLC now owns 408,974 shares of the company’s stock valued at $7,092,000 after acquiring an additional 290,302 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Newmark Group by 319.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,604,326 shares of the company’s stock valued at $27,819,000 after acquiring an additional 1,222,069 shares in the last quarter. Finally, LBP AM SA purchased a new position in shares of Newmark Group in the fourth quarter valued at about $4,940,000. 58.42% of the stock is owned by institutional investors.

About Newmark Group

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.