Newmark Group, Inc. (NASDAQ:NMRK) has been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.92.
NMRK has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Newmark Group from a “hold” rating to a “strong sell” rating in a report on Tuesday. The Goldman Sachs Group began coverage on shares of Newmark Group in a report on Monday, January 25th. They set a “buy” rating and a $10.00 price objective on the stock. Raymond James boosted their price objective on shares of Newmark Group from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, January 22nd. TheStreet upgraded shares of Newmark Group from a “d+” rating to a “c-” rating in a report on Thursday, February 18th. Finally, Piper Sandler upgraded shares of Newmark Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $7.50 to $12.00 in a report on Friday.
Several institutional investors have recently modified their holdings of NMRK. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Newmark Group during the third quarter worth approximately $26,000. US Bancorp DE increased its stake in Newmark Group by 1,145.5% in the third quarter. US Bancorp DE now owns 10,425 shares of the company’s stock valued at $45,000 after purchasing an additional 9,588 shares in the last quarter. LPL Financial LLC bought a new stake in Newmark Group in the fourth quarter valued at approximately $84,000. Truist Financial Corp bought a new stake in Newmark Group in the fourth quarter valued at approximately $89,000. Finally, XTX Markets LLC bought a new stake in Newmark Group in the fourth quarter valued at approximately $91,000. Institutional investors and hedge funds own 51.89% of the company’s stock.
NMRK traded up $0.09 during trading on Tuesday, hitting $10.23. The stock had a trading volume of 123,833 shares, compared to its average volume of 906,368. The firm has a market cap of $1.85 billion, a PE ratio of 30.73, a P/E/G ratio of 0.59 and a beta of 1.85. Newmark Group has a 12 month low of $2.49 and a 12 month high of $11.47. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.99. The company has a 50 day simple moving average of $7.73 and a 200-day simple moving average of $6.10.
Newmark Group (NASDAQ:NMRK) last announced its earnings results on Thursday, February 18th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. Newmark Group had a net margin of 3.60% and a return on equity of 33.13%. As a group, sell-side analysts anticipate that Newmark Group will post 0.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Wednesday, March 10th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, March 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. Newmark Group’s dividend payout ratio (DPR) is currently 2.47%.
Newmark Group Company Profile
Newmark Group, Inc provides commercial real estate services in the United States and internationally. The company's investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, loan sales, mortgage broking and equity-raising under the Newmark Knight Frank name.
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