Raymond James Trims Newmark Group (NMRK) Target Price to $18.00

Newmark Group (NASDAQ:NMRK) had its price target lowered by Raymond James from $20.00 to $18.00 in a research report released on Friday. The firm currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Sandler O’Neill upgraded shares of Newmark Group from a hold rating to a buy rating and set a $12.00 price target for the company in a report on Friday, October 12th. Zacks Investment Research upgraded shares of Newmark Group from a hold rating to a buy rating and set a $16.00 price target for the company in a report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Newmark Group currently has a consensus rating of Buy and an average price target of $17.86.

NMRK opened at $9.42 on Friday. Newmark Group has a twelve month low of $9.33 and a twelve month high of $16.98. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.69. The firm has a market cap of $1.55 billion and a PE ratio of 7.35.



Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings results on Thursday, October 25th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The company had revenue of $518.81 million during the quarter, compared to analyst estimates of $510.60 million. Newmark Group had a return on equity of 67.99% and a net margin of 2.28%. As a group, research analysts anticipate that Newmark Group will post 1.5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 7th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Tuesday, November 6th. Newmark Group’s dividend payout ratio (DPR) is 31.30%.

Several institutional investors have recently added to or reduced their stakes in NMRK. BlackRock Inc. bought a new position in shares of Newmark Group in the first quarter valued at $44,699,000. Millennium Management LLC lifted its stake in shares of Newmark Group by 263.7% in the first quarter. Millennium Management LLC now owns 708,445 shares of the company’s stock valued at $10,761,000 after buying an additional 513,674 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Newmark Group by 3,090.2% in the first quarter. Northern Trust Corp now owns 474,706 shares of the company’s stock valued at $7,211,000 after buying an additional 459,826 shares in the last quarter. Systematic Financial Management LP lifted its stake in shares of Newmark Group by 41.5% in the second quarter. Systematic Financial Management LP now owns 1,094,552 shares of the company’s stock valued at $15,575,000 after buying an additional 320,839 shares in the last quarter. Finally, River Road Asset Management LLC lifted its stake in shares of Newmark Group by 89.0% in the second quarter. River Road Asset Management LLC now owns 667,866 shares of the company’s stock valued at $9,504,000 after buying an additional 314,546 shares in the last quarter. 13.87% of the stock is currently owned by hedge funds and other institutional investors.

Newmark Group Company Profile

Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its 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, and loan sales under the Berkeley Point and NKF Capital Markets names.

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Analyst Recommendations for Newmark Group (NASDAQ:NMRK)

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