Newmark Group (NASDAQ:NMRK) Stock Gets Price Target Trim from Piper Sandler

Newmark Group (NASDAQ:NMRK) had its price target lowered by Piper Sandler from $19.00 to $14.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also recently commented on the company. Barclays raised their target price on Newmark Group from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Keefe, Bruyette & Woods dropped their price target on Newmark Group from $17.50 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a research note on Monday, August 10th. Weiss Ratings downgraded Newmark Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 28th. Finally, Wall Street Zen downgraded Newmark Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.80.

Newmark Group Stock Performance

Shares of NMRK opened at $11.58 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.55 and a quick ratio of 0.55. Newmark Group has a one year low of $11.38 and a one year high of $19.83. The company has a 50-day simple moving average of $14.15 and a two-hundred day simple moving average of $14.88. The firm has a market capitalization of $2.10 billion, a PE ratio of 6.43 and a beta of 1.76.

Newmark Group (NASDAQ:NMRK) last posted 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 analysts’ expectations of $865.24 million. During the same period in the previous year, the firm posted $0.31 EPS. The business’s 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, analysts anticipate that Newmark Group will post 1.94 EPS for the current fiscal year.

Newmark Group Announces Dividend

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

Institutional Investors Weigh In On Newmark Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. grew its stake in shares of Newmark Group by 115,331.1% in 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 position in shares of Newmark Group in the 1st quarter worth about $5,435,000. Assenagon Asset Management S.A. purchased a new position in shares of Newmark Group in the 2nd quarter worth about $4,415,000. Dimensional Fund Advisors LP raised its position 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 during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of 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 worth $17,584,000 after purchasing an additional 186,236 shares during the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Company Profile

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.