Newmark Group (NASDAQ:NMRK) Sets New 1-Year Low – Here’s What Happened

Newmark Group, Inc. (NASDAQ:NMRK)’s stock price hit a new 52-week low on Wednesday. The company traded as low as $12.05 and last traded at $12.09, with a volume of 129587 shares traded. The stock had previously closed at $12.59.

Analyst Upgrades and Downgrades

NMRK has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Newmark Group in a report on Thursday, September 24th. Barclays boosted 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. UBS Group set a $22.00 price objective on shares of Newmark Group in a research report on Monday, August 10th. Weiss Ratings downgraded shares of Newmark Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, September 28th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a research report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.30.

Newmark Group Stock Up 2.7%

The company has a fifty day simple moving average of $14.44 and a 200-day simple moving average of $14.96. 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 firm has a market cap of $2.27 billion, a P/E ratio of 15.46 and a beta of 1.76.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $865.24 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. The business’s quarterly 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, equities analysts anticipate that Newmark Group, Inc. will post 1.97 earnings per share for the current year.

Newmark Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, August 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.9%. Newmark Group’s dividend payout ratio (DPR) is presently 29.63%.

Institutional Investors Weigh In On Newmark Group

A number of institutional investors have recently bought and sold shares of the business. Arizona State Retirement System increased its position in Newmark Group by 2.8% in the second quarter. Arizona State Retirement System now owns 42,768 shares of the company’s stock worth $646,000 after purchasing an additional 1,161 shares during the last quarter. Millstone Evans Group LLC lifted its position in Newmark Group by 366.3% during the first quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock valued at $25,000 after purchasing an additional 1,293 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Newmark Group by 9.6% during the first quarter. PNC Financial Services Group Inc. now owns 16,724 shares of the company’s stock valued at $251,000 after purchasing an additional 1,471 shares during the last quarter. Rockefeller Capital Management L.P. grew 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 in the last quarter. Finally, Nykredit A S purchased a new position in shares of Newmark Group in the 2nd quarter worth $41,000. 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.