Newmark Group (NASDAQ:NMRK) Hits New 12-Month Low Following Analyst Downgrade

Newmark Group, Inc. (NASDAQ:NMRK) hit a new 52-week low on Tuesday after Piper Sandler lowered their price target on the stock from $19.00 to $14.00. Piper Sandler currently has an overweight rating on the stock. Newmark Group traded as low as $11.55 and last traded at $11.74, with a volume of 2,111,121 shares changing hands. The stock had previously closed at $12.12.

Other equities analysts also recently issued research reports about the stock. UBS Group set a $22.00 price objective on shares of Newmark Group in a report on Monday, August 10th. Keefe, Bruyette & Woods dropped their target price on shares of Newmark Group from $17.50 to $16.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Citigroup reissued a “market outperform” rating on shares of Newmark Group in a report on Monday, August 10th. Wall Street Zen downgraded shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 5th. Finally, Zacks Research lowered shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. 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, the company has a consensus rating of “Moderate Buy” and an average price target of $18.80.

Institutional Trading of Newmark Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millstone Evans Group LLC increased its stake in shares of Newmark Group by 366.3% in 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 period. Nykredit A S bought a new stake in shares of Newmark Group during the second quarter valued at approximately $41,000. Ancora Advisors LLC bought a new stake in shares of Newmark Group during the second quarter valued at approximately $45,000. Rockefeller Capital Management L.P. boosted its position in shares of Newmark Group by 29.3% during the fourth 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 period. Finally, Fifth Third Bancorp boosted its position in shares of Newmark Group by 9,157.7% during the first quarter. Fifth Third Bancorp now owns 8,980 shares of the company’s stock worth $135,000 after buying an additional 8,883 shares during the period. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Newmark Group Stock Performance

The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 6.45 and a beta of 1.76. The company has a 50-day moving average price of $14.23 and a 200-day moving average price of $14.90. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.50.

Newmark Group (NASDAQ:NMRK) last posted its earnings results on Wednesday, July 29th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $888.42 million for the quarter, compared to analysts’ expectations of $865.24 million. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. As a group, equities research analysts forecast that Newmark Group, Inc. will post 1.94 earnings per share for the current year.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, August 14th. Newmark Group’s dividend payout ratio (DPR) is 29.63%.

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.