Newmark Group (NASDAQ:NMRK) Stock Gets Price Target Cut from Keefe, Bruyette & Woods

Newmark Group (NASDAQ:NMRK) had its price target trimmed by Keefe, Bruyette & Woods from $17.50 to $16.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also weighed in on NMRK. Wall Street Zen lowered shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 5th. Barclays lifted their price objective on shares of Newmark Group from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Zacks Research downgraded shares of 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 target price on shares of Newmark Group in a research report on Monday, August 10th. Finally, Weiss Ratings cut shares of Newmark Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, September 28th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.80.

Newmark Group Price Performance

Shares of NMRK opened at $12.12 on Friday. Newmark Group has a 12-month low of $11.90 and a 12-month high of $19.83. The business’s fifty day moving average is $14.39 and its 200 day moving average is $14.94. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market cap of $2.20 billion, a P/E ratio of 14.96 and a beta of 1.76.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $888.42 million during the quarter, compared to the consensus estimate of $865.24 million. Newmark Group had a net margin of 4.11% and a return on equity of 27.07%. Newmark Group’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Sell-side analysts anticipate that Newmark Group 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. Investors of record on Friday, August 14th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, August 14th. This represents a $0.24 annualized dividend and a yield of 2.0%. Newmark Group’s dividend payout ratio is 29.63%.

Institutional Investors Weigh In On Newmark Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System increased 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 buying an additional 1,161 shares during the last quarter. Millstone Evans Group LLC lifted its position in shares of Newmark Group by 366.3% during the 1st quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock worth $25,000 after buying an additional 1,293 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Newmark Group by 9.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,724 shares of the company’s stock worth $251,000 after buying an additional 1,471 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Newmark Group by 29.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 8,160 shares of the company’s stock worth $142,000 after buying an additional 1,848 shares during the last quarter. Finally, Nykredit A S bought a new position in shares of Newmark Group in the second quarter valued at approximately $41,000. 58.42% of the stock is owned by hedge funds and other institutional investors.

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.