Newmark Group (NASDAQ:NMRK) Sets New 1-Year Low – Here’s Why

Newmark Group, Inc. (NASDAQ:NMRK) shares hit a new 52-week low during trading on Monday. The stock traded as low as $11.37 and last traded at $11.3660, with a volume of 726,527 shares changing hands. The stock had previously closed at $11.86.

Wall Street Analysts Forecast Growth

NMRK has been the subject of several research analyst reports. Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Citigroup reiterated a “market outperform” rating on shares of Newmark Group in a research report on Monday, August 10th. Wall Street Zen cut shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 5th. Zacks Research cut shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Finally, UBS Group set a $22.00 price target on shares of Newmark Group in a report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.60.

Newmark Group Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market capitalization of $2.11 billion, a PE ratio of 14.37 and a beta of 1.76. The stock’s 50 day moving average is $13.91 and its two-hundred day moving average is $14.79.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%. The company had revenue of $888.42 million for the quarter, compared to analysts’ expectations of $865.24 million. During the same period in the previous year, the firm posted $0.31 EPS. Newmark Group’s revenue was up 17.0% compared to the same quarter last year. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. On average, equities analysts anticipate that Newmark Group, Inc. will post 1.94 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, August 14th. Newmark Group’s dividend payout ratio (DPR) is 29.63%.

Institutional Trading of Newmark Group

A number of institutional investors have recently made changes to their positions in the company. Hillsdale Investment Management Inc. boosted its position in Newmark Group by 115,331.1% during the first quarter. Hillsdale Investment Management Inc. now owns 519,440 shares of the company’s stock worth $7,786,000 after acquiring an additional 518,990 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Newmark Group during the 1st quarter valued at about $5,435,000. Assenagon Asset Management S.A. acquired a new stake in Newmark Group in the 2nd quarter valued at about $4,415,000. Dimensional Fund Advisors LP raised its holdings in Newmark Group by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company’s stock valued at $80,095,000 after acquiring an additional 227,649 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Newmark Group by 18.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,173,058 shares of the company’s stock valued at $17,584,000 after acquiring an additional 186,236 shares during the last quarter. 58.42% of the stock is owned by institutional investors and hedge funds.

Newmark Group Company Profile

Newmark Group, Inc is a global commercial real estate services company that provides advisory, transaction, and management services to occupiers, owners, investors, and developers. Its services cover office, industrial, retail, multifamily, hospitality, and other commercial property sectors.

The company assists clients with leasing, investment sales, acquisition and disposition advisory, debt and structured finance, valuation, consulting, and property and facilities management. Newmark also provides corporate real estate services, workplace strategy, capital markets advice, and technology-enabled data and research solutions.

Newmark serves clients through operations in major real estate markets across North America, Europe, Asia-Pacific, and other international regions.