Newmark Group, Inc. (NASDAQ:NMRK) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,900,693 shares of the company’s stock after selling 6,881 shares during the quarter. Newmark Group makes up 1.4% of Leeward Investments LLC MA’s holdings, making the stock its 10th biggest position. Leeward Investments LLC MA owned about 1.11% of Newmark Group worth $29,518,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Newmark Group by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 20,474,932 shares of the company’s stock valued at $227,067,000 after purchasing an additional 702,233 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Newmark Group by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,686,191 shares of the company’s stock valued at $68,399,000 after purchasing an additional 480,047 shares during the last quarter. Systematic Financial Management LP lifted its holdings in shares of Newmark Group by 11.9% during the second quarter. Systematic Financial Management LP now owns 928,935 shares of the company’s stock worth $9,503,000 after buying an additional 98,532 shares in the last quarter. Foundry Partners LLC lifted its holdings in shares of Newmark Group by 5.3% during the second quarter. Foundry Partners LLC now owns 840,576 shares of the company’s stock worth $8,599,000 after buying an additional 42,314 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Newmark Group by 1,595.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 713,621 shares of the company’s stock worth $7,914,000 after buying an additional 671,521 shares in the last quarter. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Stock Down 1.0 %

NMRK stock opened at $14.75 on Thursday. The company has a market cap of $2.53 billion, a PE ratio of 56.73 and a beta of 2.01. The business has a 50-day simple moving average of $14.84 and a 200 day simple moving average of $12.34. Newmark Group, Inc. has a 52 week low of $6.64 and a 52 week high of $16.10. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.49.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $685.90 million during the quarter, compared to the consensus estimate of $682.07 million. Newmark Group had a return on equity of 17.78% and a net margin of 1.75%. Newmark Group’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Sell-side analysts anticipate that Newmark Group, Inc. will post 1.15 EPS for the current fiscal year.

Newmark Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Thursday, November 21st. Newmark Group’s dividend payout ratio (DPR) is presently 46.16%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NMRK. Piper Sandler lifted their target price on Newmark Group from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Keefe, Bruyette & Woods raised Newmark Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $13.50 to $16.50 in a report on Thursday, September 5th. Finally, Wolfe Research raised Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 target price for the company in a report on Friday, August 16th.

Newmark Group Profile

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.