Newmark Group, Inc. (NASDAQ:NMRK) Stock Has Average Price Target of $20.30 According to Brokerages

Newmark Group, Inc. (NASDAQ:NMRK) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $20.30.

Several equities research analysts have recently commented on NMRK shares. UBS Group set a $22.00 price target on Newmark Group in a research note on Monday, August 10th. Barclays lifted their price objective on shares of Newmark Group from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Piper Sandler restated an “overweight” rating and set a $19.00 price objective on shares of Newmark Group in a research report on Monday, June 29th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Newmark Group in a research report on Thursday. Finally, Wall Street Zen cut shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 5th.

Newmark Group Stock Performance

NASDAQ NMRK opened at $13.06 on Friday. The firm has a market cap of $2.37 billion, a P/E ratio of 16.12 and a beta of 1.67. Newmark Group has a 52-week low of $12.95 and a 52-week high of $19.83. The business’s 50-day moving average price is $14.98 and its 200 day moving average price is $15.07. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.50.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%.The firm had revenue of $888.42 million during the quarter, compared to the consensus estimate of $865.24 million. During the same period in the prior year, the business earned $0.31 EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. On average, equities research analysts expect that Newmark Group will post 1.97 earnings per share for the current year.

Newmark Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 14th. Newmark Group’s dividend payout ratio is currently 29.63%.

Institutional Investors Weigh In On Newmark Group

A number of institutional investors have recently added to or reduced their stakes in the business. Bleakley Financial Group LLC increased its position in Newmark Group by 4.9% during the 4th quarter. Bleakley Financial Group LLC now owns 20,723 shares of the company’s stock worth $359,000 after purchasing an additional 973 shares during the period. Arizona State Retirement System lifted its holdings in shares of Newmark Group by 2.8% in the 2nd quarter. Arizona State Retirement System now owns 42,768 shares of the company’s stock valued at $646,000 after buying an additional 1,161 shares during the period. Millstone Evans Group LLC boosted its stake in shares of Newmark Group by 366.3% in the first quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock valued at $25,000 after buying an additional 1,293 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Newmark Group by 9.6% in the first quarter. PNC Financial Services Group Inc. now owns 16,724 shares of the company’s stock valued at $251,000 after buying an additional 1,471 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Newmark Group by 29.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 8,160 shares of the company’s stock valued at $142,000 after buying an additional 1,848 shares in the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

About Newmark Group

Newmark Group, Inc is a commercial real estate services company that provides advisory, transaction, and property-related services to corporate, institutional, and private clients. Its activities include office and industrial leasing, investment sales, debt and equity placement, valuation, consulting, and corporate real estate advisory.

The company also offers property management, facilities management, project management, and other services intended to support the ownership, operation, and strategic planning of commercial real estate.