Newmark Group (NASDAQ:NMRK) Reaches New 12-Month Low – Here’s What Happened

Newmark Group, Inc. (NASDAQ:NMRK) shares hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $12.05 and last traded at $12.09, with a volume of 129587 shares traded. The stock had previously closed at $12.59.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings cut Newmark Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 28th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Newmark Group in a research note on Thursday, September 24th. Wall Street Zen downgraded Newmark Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 5th. Zacks Research lowered Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Finally, Barclays increased their price target on Newmark Group from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.30.

Newmark Group Stock Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.55 and a quick ratio of 0.55. The stock has a fifty day simple moving average of $14.55 and a two-hundred day simple moving average of $14.99. The firm has a market capitalization of $2.18 billion, a P/E ratio of 14.84 and a beta of 1.76.

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

Newmark Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 14th. Newmark Group’s dividend payout ratio (DPR) is 29.63%.

Hedge Funds Weigh In On Newmark Group

A number of institutional investors have recently modified their holdings of NMRK. Dimensional Fund Advisors LP lifted its holdings in shares of Newmark Group by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company’s stock worth $80,095,000 after purchasing an additional 227,649 shares in the last quarter. Systematic Financial Management LP increased its stake in Newmark Group by 7.7% during the 1st quarter. Systematic Financial Management LP now owns 1,692,518 shares of the company’s stock valued at $25,371,000 after purchasing an additional 121,011 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Newmark Group by 18.9% during the first quarter. Bank of New York Mellon Corp now owns 1,173,058 shares of the company’s stock worth $17,584,000 after buying an additional 186,236 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Newmark Group by 9.6% in the first quarter. Sei Investments Co. now owns 814,101 shares of the company’s stock valued at $12,203,000 after buying an additional 71,516 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Newmark Group by 30.6% in the first quarter. Bank of America Corp DE now owns 543,309 shares of the company’s stock valued at $8,144,000 after buying an additional 127,365 shares in the last quarter. 58.42% of the stock is owned by institutional investors and hedge funds.

About Newmark Group

Newmark Group, Inc is a commercial real estate services company that provides advisory, transaction, and property-related services to corporations, institutional investors, landlords, tenants, and other real estate owners and users. Its business spans office, industrial, retail, multifamily, hospitality, and other property sectors.

The company’s services include leasing, investment sales, debt and structured finance, valuation and advisory, property management, and facilities management.