5 Best Real Estate Stocks To Buy

3. Newmark Group, Inc. (NASDAQ:NMRK)

Number of Hedge Fund Holders: 21

Newmark Group, Inc. (NASDAQ:NMRK) is an American commercial real estate services company that serves across the globe. Newmark Group, Inc. (NASDAQ:NMRK) is undervalued and is also paying dividends. As of December 16, Newmark Group, Inc. (NASDAQ:NMRK) is trading at a PE multiple of 7x and is offering a dividend yield of 1.52%.

On October 7, Piper Sandler analyst Alexander Goldfarb revised his price target on Newmark Group, Inc. (NASDAQ:NMRK) to $10 from $12 and maintained a Neutral rating on the shares.

At the close of Q3 2022, 21 hedge funds were eager on Newmark Group, Inc. (NASDAQ:NMRK) and held stakes worth $104.76 million in the company. As of September 30, Cardinal Capital is the dominant investor in Newark Group, Inc. (NASDAQ:NMRK) and has disclosed a position worth $39.05 million.

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