Newmark Group (NASDAQ:NMRK) Sets New 52-Week Low – What’s Next?

Newmark Group, Inc. (NASDAQ:NMRK)’s share price hit a new 52-week low during trading on Wednesday. The company traded as low as $13.28 and last traded at $13.2650, with a volume of 543920 shares trading hands. The stock had previously closed at $13.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Citigroup restated a “market outperform” rating on shares of Newmark Group in a report on Monday, August 10th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Newmark Group in a report on Thursday. Barclays increased their target price on shares of Newmark Group from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Piper Sandler reiterated an “overweight” rating and set a $19.00 target price on shares of Newmark Group in a research report on Monday, June 29th. Finally, Wall Street Zen downgraded Newmark Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.30.

Newmark Group Stock Performance

The stock has a market capitalization of $2.37 billion, a P/E ratio of 16.17 and a beta of 1.67. 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 company has a 50-day moving average price of $15.03 and a two-hundred day moving average price of $15.09.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 EPS for the quarter, meeting 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 analysts’ expectations of $865.24 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. Newmark Group’s revenue for the quarter was up 17.0% on a year-over-year basis. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Equities analysts expect that Newmark Group, Inc. will post 1.97 earnings per share for the current year.

Newmark Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date 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 added to or reduced their stakes in the business. Millstone Evans Group LLC grew its holdings in shares of Newmark Group by 366.3% during the first quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock worth $25,000 after purchasing an additional 1,293 shares in the last quarter. Nykredit A S purchased a new position in Newmark Group in the 2nd quarter worth approximately $41,000. Ancora Advisors LLC purchased a new position in Newmark Group in the 2nd quarter worth approximately $45,000. Rockefeller Capital Management L.P. increased its holdings 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, Fifth Third Bancorp raised its position in shares of Newmark Group by 9,157.7% during the 1st quarter. Fifth Third Bancorp now owns 8,980 shares of the company’s stock valued at $135,000 after buying an additional 8,883 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Company Profile

Newmark Group, Inc is a commercial real estate services company that provides advisory, transaction, and property-related services to corporate, institutional, and private clients. Its activities include office and industrial leasing, investment sales, debt and equity placement, valuation, consulting, and corporate real estate advisory.

The company also offers property management, facilities management, project management, and other services intended to support the ownership, operation, and strategic planning of commercial real estate.