Zacks Investment Research upgraded shares of Newmark Group (NASDAQ:NMRK) from a hold rating to a buy rating in a research note released on Thursday morning. They currently have $14.00 price objective on the stock.

According to Zacks, “Newmark Group, Inc. operates as a commercial real estate advisory firm. The Company offers services and products which includes investment sales, debt and structured finance and loan sales, agency leasing, property management, valuation and advisory and loan servicing. Newmark Group, Inc. is based in New York, United States. “

Other research analysts also recently issued reports about the company. Sandler O’Neill downgraded Newmark Group from a buy rating to a hold rating in a research report on Friday, May 4th. ValuEngine downgraded Newmark Group from a buy rating to a hold rating in a research report on Wednesday, May 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $19.21.

Shares of NASDAQ:NMRK traded up $0.09 during trading on Thursday, hitting $12.54. 2,203 shares of the stock were exchanged, compared to its average volume of 386,092. The firm has a market capitalization of $2.00 billion and a price-to-earnings ratio of 10.78. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.34 and a quick ratio of 0.34. Newmark Group has a 12-month low of $12.06 and a 12-month high of $16.98.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $466.62 million for the quarter, compared to analysts’ expectations of $472.50 million. equities analysts anticipate that Newmark Group will post 1.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Investors of record on Monday, August 20th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, August 17th. This represents a $0.36 annualized dividend and a dividend yield of 2.87%. Newmark Group’s dividend payout ratio is currently 31.30%.

Several institutional investors have recently modified their holdings of the stock. Granahan Investment Management Inc. MA raised its position in shares of Newmark Group by 253.3% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 131,939 shares of the company’s stock worth $1,877,000 after purchasing an additional 94,595 shares during the last quarter. PEAK6 Investments L.P. acquired a new position in shares of Newmark Group during the 2nd quarter worth approximately $1,001,000. Paloma Partners Management Co acquired a new position in shares of Newmark Group during the 2nd quarter worth approximately $830,000. Highland Capital Management LP raised its position in shares of Newmark Group by 5.8% during the 2nd quarter. Highland Capital Management LP now owns 489,779 shares of the company’s stock worth $6,970,000 after purchasing an additional 27,000 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Newmark Group by 180.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 312,600 shares of the company’s stock worth $4,448,000 after purchasing an additional 201,100 shares during the last quarter. Hedge funds and other institutional investors own 15.33% of the company’s stock.

About Newmark Group

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.

Further Reading: NASDAQ Stock Market Explained

Get a free copy of the Zacks research report on Newmark Group (NMRK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Newmark Group (NASDAQ:NMRK)

Receive News & Ratings for Newmark Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmark Group and related companies with MarketBeat.com's FREE daily email newsletter.