Newmark Group (NASDAQ:NMRK) Stock Gets Price Target Reduction from Citizens Jmp

Newmark Group (NASDAQ:NMRK) had its price target trimmed by Citizens Jmp from $22.00 to $17.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Other research analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Zacks Research downgraded shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. UBS Group set a $22.00 price target on shares of Newmark Group in a research note on Monday, August 10th. Citigroup reiterated a “market outperform” rating on shares of Newmark Group in a report on Thursday. Finally, Wall Street Zen cut shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Newmark Group has a consensus rating of “Moderate Buy” and an average target price of $17.60.

Newmark Group Trading Down 2.5%

NMRK stock opened at $11.52 on Thursday. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 14.22 and a beta of 1.76. 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 business has a fifty day simple moving average of $13.70 and a 200-day simple moving average of $14.73. Newmark Group has a 52 week low of $11.26 and a 52 week high of $19.83.

Newmark Group (NASDAQ:NMRK) last released 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. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%. The business had revenue of $888.42 million for the quarter, compared to analyst estimates of $865.24 million. During the same period in the previous year, the company posted $0.31 EPS. The company’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 research analysts expect that Newmark Group will post 1.94 EPS for the current year.

Newmark Group Announces Dividend

The company also recently declared 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 was Friday, August 14th. This represents a $0.24 annualized dividend and a dividend yield of 2.1%. Newmark Group’s dividend payout ratio (DPR) is presently 29.63%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NMRK. Access Investment Management LLC raised its holdings in Newmark Group by 26.0% during the third quarter. Access Investment Management LLC now owns 72,598 shares of the company’s stock worth $890,000 after purchasing an additional 15,000 shares in the last quarter. Signaturefd LLC grew its stake in shares of Newmark Group by 87.4% in the 3rd quarter. Signaturefd LLC now owns 5,863 shares of the company’s stock worth $72,000 after purchasing an additional 2,735 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Newmark Group by 49.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 28,422 shares of the company’s stock worth $348,000 after purchasing an additional 9,426 shares in the last quarter. Edge Wealth Management LLC raised its holdings in shares of Newmark Group by 19.7% in the 3rd quarter. Edge Wealth Management LLC now owns 200,572 shares of the company’s stock worth $2,456,000 after purchasing an additional 33,009 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Newmark Group in the 2nd quarter worth approximately $550,000. Institutional investors and hedge funds own 58.42% of the company’s stock.

About Newmark Group

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.