Boston Partners Has $18.37 Million Position in Newmark Group, Inc. $NMRK

Boston Partners boosted its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 12.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,510,902 shares of the company’s stock after acquiring an additional 171,172 shares during the quarter. Boston Partners owned approximately 0.82% of Newmark Group worth $18,370,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. bought a new position in shares of Newmark Group in the 2nd quarter valued at about $486,000. CSM Advisors LLC acquired a new stake in shares of Newmark Group during the second quarter worth about $267,000. Bank of New York Mellon Corp raised its holdings in Newmark Group by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,093,458 shares of the company’s stock worth $13,286,000 after buying an additional 20,477 shares during the period. Access Investment Management LLC bought a new stake in Newmark Group in the 2nd quarter valued at $700,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in shares of Newmark Group in the second quarter valued at about $1,025,000. 58.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NMRK. Keefe, Bruyette & Woods boosted their price objective on shares of Newmark Group from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. JMP Securities lifted their target price on Newmark Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Newmark Group in a research note on Wednesday, October 8th. Zacks Research lowered Newmark Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Finally, Piper Sandler raised their target price on shares of Newmark Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Newmark Group has a consensus rating of “Moderate Buy” and a consensus price target of $17.83.

Newmark Group Stock Performance

NASDAQ NMRK opened at $16.53 on Friday. Newmark Group, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $19.83. The firm’s fifty day moving average price is $18.33 and its two-hundred day moving average price is $15.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $2.92 billion, a PE ratio of 29.00 and a beta of 2.13.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Newmark Group had a return on equity of 23.69% and a net margin of 3.26%.The firm had revenue of $863.46 million for the quarter, compared to analyst estimates of $767.12 million. During the same period last year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. On average, equities analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, November 17th. Newmark Group’s dividend payout ratio (DPR) is 21.05%.

About Newmark Group

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.