Newmark Group (NASDAQ:NMRK) Posts Earnings Results

Newmark Group (NASDAQ:NMRK) released its earnings results on Friday. The company reported $0.08 EPS for the quarter, FiscalAI reports. Newmark Group had a return on equity of 26.46% and a net margin of 4.30%.The company had revenue of $846.52 million for the quarter.

Newmark Group Price Performance

Shares of NMRK traded down $0.14 during midday trading on Friday, hitting $16.73. 1,457,357 shares of the company traded hands, compared to its average volume of 1,553,752. The stock has a 50-day moving average of $15.16 and a 200-day moving average of $16.42. Newmark Group has a one year low of $10.20 and a one year high of $19.83. The firm has a market cap of $3.09 billion, a P/E ratio of 20.65 and a beta of 1.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.51 and a quick ratio of 0.51.

Newmark Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.06 per share. This is a boost from Newmark Group’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, May 14th. Newmark Group’s dividend payout ratio (DPR) is currently 29.63%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Newmark Group in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods boosted their price objective on Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a research note on Friday, May 1st. Citizens Jmp boosted their price objective 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. Wall Street Zen upgraded Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Finally, Barclays lowered their price objective on Newmark Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Newmark Group has an average rating of “Moderate Buy” and an average target price of $18.50.

Institutional Investors Weigh In On Newmark Group

Several hedge funds and other institutional investors have recently modified their holdings of NMRK. Balyasny Asset Management L.P. increased its position in shares of Newmark Group by 422.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,039,976 shares of the company’s stock valued at $35,373,000 after buying an additional 1,649,189 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Newmark Group by 319.7% during 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 buying an additional 1,222,069 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in shares of Newmark Group during the second quarter valued at about $14,580,000. Ameriprise Financial Inc. increased its position in shares of Newmark Group by 88.9% during the second quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock valued at $30,622,000 after buying an additional 1,186,191 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Newmark Group by 194.1% during the third quarter. Wellington Management Group LLP now owns 1,575,475 shares of the company’s stock valued at $29,383,000 after buying an additional 1,039,798 shares during the period. 58.42% of the stock is currently 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.