Newmark Group (NASDAQ:NMRK) Reaches New 12-Month Low After Analyst Downgrade

Newmark Group, Inc. (NASDAQ:NMRK)’s stock price reached a new 52-week low during mid-day trading on Tuesday after Piper Sandler lowered their price target on the stock from $19.00 to $14.00. Piper Sandler currently has an overweight rating on the stock. Newmark Group traded as low as $11.55 and last traded at $11.74, with a volume of 2,111,121 shares. The stock had previously closed at $12.12.

A number of other equities research analysts also recently weighed in on NMRK. Keefe, Bruyette & Woods decreased their price objective on Newmark Group from $17.50 to $16.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. UBS Group set a $22.00 target price on Newmark Group in a report on Monday, August 10th. Barclays increased their target price on Newmark Group from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Zacks Research downgraded Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a research note on Monday, August 10th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Newmark Group currently has an average rating of “Moderate Buy” and a consensus target price of $18.80.

Hedge Funds Weigh In On Newmark Group

Several institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. increased its holdings in Newmark Group by 115,331.1% during the 1st quarter. Hillsdale Investment Management Inc. now owns 519,440 shares of the company’s stock valued at $7,786,000 after purchasing an additional 518,990 shares in the last quarter. Renaissance Technologies LLC bought a new position in Newmark Group in the 1st quarter valued at $5,435,000. Assenagon Asset Management S.A. bought a new position in Newmark Group in the 2nd quarter valued at $4,415,000. Dimensional Fund Advisors LP boosted its stake in Newmark Group by 4.4% in the first 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. Finally, Bank of New York Mellon Corp boosted its stake in Newmark Group by 18.9% in 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 purchasing an additional 186,236 shares in the last quarter. 58.42% of the stock is owned by institutional investors.

Newmark Group Trading Down 1.1%

The business has a 50 day simple moving average of $14.15 and a 200 day simple moving average of $14.88. 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 company has a market cap of $2.10 billion, a price-to-earnings ratio of 6.43 and a beta of 1.76.

Newmark Group (NASDAQ:NMRK) last announced its earnings results on Wednesday, July 29th. The company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $865.24 million. During the same period last year, the company posted $0.31 earnings per share. The firm’s quarterly 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. As a group, equities analysts forecast that Newmark Group, Inc. will post 1.94 EPS for the current year.

Newmark Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.1%. Newmark Group’s payout ratio is currently 29.63%.

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.