Newmark Group, Inc. $NMRK Shares Bought by Vision Capital Corp

Vision Capital Corp raised its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 72.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 239,566 shares of the company’s stock after acquiring an additional 100,934 shares during the quarter. Newmark Group accounts for about 1.8% of Vision Capital Corp’s holdings, making the stock its 8th biggest position. Vision Capital Corp owned about 0.13% of Newmark Group worth $4,154,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Newmark Group in the third quarter valued at $29,000. Larson Financial Group LLC increased its position in shares of Newmark Group by 98.9% in the third quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock valued at $34,000 after buying an additional 915 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Newmark Group by 42.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after buying an additional 797 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Newmark Group in the fourth quarter valued at $86,000. Finally, NBC Securities Inc. increased its position in shares of Newmark Group by 116.8% in the fourth quarter. NBC Securities Inc. now owns 5,165 shares of the company’s stock valued at $90,000 after buying an additional 2,783 shares in the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Stock Up 2.5%

Shares of NASDAQ:NMRK opened at $15.18 on Friday. The stock’s 50-day moving average price is $15.28 and its two-hundred day moving average price is $15.92. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.50. Newmark Group, Inc. has a 12-month low of $11.02 and a 12-month high of $19.83. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 18.74 and a beta of 1.69.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. Newmark Group had a return on equity of 26.23% and a net margin of 4.30%.The firm had revenue of $846.52 million for the quarter. On average, research analysts forecast that Newmark Group, Inc. will post 1.91 EPS for the current year.

Newmark Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, May 14th. This is a positive change from Newmark Group’s previous quarterly dividend of $0.03. Newmark Group’s dividend payout ratio is 29.63%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NMRK. Citizens Jmp raised their price target on Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a research report on Friday, May 1st. Wall Street Zen upgraded Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Keefe, Bruyette & Woods lifted their price objective on Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Barclays dropped their price objective on Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Finally, Weiss Ratings upgraded Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Newmark Group presently has a consensus rating of “Moderate Buy” and an average target price of $19.63.

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.