Newmark Group (NASDAQ:NMRK) Hits New 52-Week Low – Here’s Why

Newmark Group, Inc. (NASDAQ:NMRK) hit a new 52-week low on Wednesday . The stock traded as low as $13.28 and last traded at $13.2650, with a volume of 543920 shares changing hands. The stock had previously closed at $13.94.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NMRK. Barclays lifted their price target on shares of Newmark Group from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Citigroup reiterated a “market outperform” rating on shares of Newmark Group in a report on Monday, August 10th. Zacks Research cut Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. UBS Group set a $22.00 price objective on Newmark Group in a report on Monday, August 10th. Finally, Wall Street Zen cut Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.30.

Newmark Group Stock Down 5.1%

The firm’s 50 day simple moving average is $15.13 and its 200-day simple moving average is $15.11. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 16.38 and a beta of 1.67.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $888.42 million during the quarter, compared to analysts’ expectations of $865.24 million. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%.Newmark Group’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Equities analysts expect that Newmark Group, Inc. will post 1.97 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.8%. Newmark Group’s payout ratio is 29.63%.

Hedge Funds Weigh In On Newmark Group

A number of institutional investors have recently added to or reduced their stakes in NMRK. Tidal Investments LLC acquired a new stake in Newmark Group in the second quarter valued at $550,000. Arizona State Retirement System lifted its stake in Newmark Group by 2.8% in the 2nd quarter. Arizona State Retirement System now owns 42,768 shares of the company’s stock valued at $646,000 after purchasing an additional 1,161 shares during the last quarter. Nykredit A S bought a new position in Newmark Group during the second quarter worth about $41,000. Corient Private Wealth LP increased its position in Newmark Group by 16.8% during the second quarter. Corient Private Wealth LP now owns 50,444 shares of the company’s stock worth $762,000 after buying an additional 7,247 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Newmark Group in the second quarter valued at approximately $553,000. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Newmark Group Company Profile

Newmark Group, Inc is a commercial real estate services company that provides advisory, transaction, and property-related services to corporate, institutional, and private clients. Its activities include office and industrial leasing, investment sales, debt and equity placement, valuation, consulting, and corporate real estate advisory.

The company also offers property management, facilities management, project management, and other services intended to support the ownership, operation, and strategic planning of commercial real estate.