Newmark Group (NASDAQ:NMRK) Reaches New 12-Month Low – Here’s What Happened

Newmark Group, Inc. (NASDAQ:NMRK) shares hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $12.43 and last traded at $12.49, with a volume of 1720564 shares changing hands. The stock had previously closed at $13.06.

Wall Street Analysts Forecast Growth

NMRK has been the topic of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $19.00 target price on shares of Newmark Group in a research note on Monday, June 29th. Wall Street Zen cut shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 5th. UBS Group set a $22.00 price target on shares of Newmark Group in a report on Monday, August 10th. Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a research report on Monday, August 10th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Newmark Group in a report on Thursday, September 24th. Five investment 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.30.

Newmark Group Price Performance

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 market cap of $2.22 billion, a price-to-earnings ratio of 15.14 and a beta of 1.67. The stock’s 50-day simple moving average is $14.79 and its 200 day simple moving average is $15.04.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $888.42 million during the quarter, compared to analysts’ expectations of $865.24 million. Newmark Group had a net margin of 4.11% and a return on equity of 27.07%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. On average, equities research analysts anticipate that Newmark Group, Inc. will post 1.97 EPS for the current fiscal year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given 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 yield of 2.0%. Newmark Group’s payout ratio is presently 29.63%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Newmark Group by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company’s stock valued at $80,095,000 after buying an additional 227,649 shares in the last quarter. Systematic Financial Management LP lifted its stake in Newmark Group by 7.7% during the 1st quarter. Systematic Financial Management LP now owns 1,692,518 shares of the company’s stock worth $25,371,000 after acquiring an additional 121,011 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Newmark Group by 18.9% during 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 acquiring an additional 186,236 shares in the last quarter. Sei Investments Co. boosted its holdings in Newmark Group by 9.6% during the 1st quarter. Sei Investments Co. now owns 814,101 shares of the company’s stock valued at $12,203,000 after acquiring an additional 71,516 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Newmark Group by 30.6% during the 1st quarter. Bank of America Corp DE now owns 543,309 shares of the company’s stock valued at $8,144,000 after acquiring an additional 127,365 shares during the period. 58.42% of the stock is currently owned by institutional investors and hedge funds.

About Newmark Group

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.