Newmark Group (NASDAQ:NMRK) Reaches New 12-Month Low - Here's Why

Key Points

• Newmark Group shares fell to a new 52-week low of $11.37, below the 50-day and 200-day moving averages of $14.03 and $14.84, respectively.
• Analysts maintain a generally positive outlook, with four Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $18.60.
• The company matched quarterly EPS expectations at $0.39 and exceeded revenue estimates with $888.42 million, while reporting 17% year-over-year revenue growth and paying a quarterly dividend of $0.06.

Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday. The company traded as low as $11.37 and last traded at $11.3660, with a volume of 726,527 shares trading hands. The stock had previously closed at $11.86.

Analysts Set New Price Targets

Several research analysts have commented on NMRK shares. Weiss Ratings upgraded Newmark Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, October 13th. Zacks Research lowered Newmark Group from a "strong-buy" rating to a "hold" rating in a report on Friday, September 18th. Barclays lifted their target price on Newmark Group from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Monday, August 17th. Citigroup reiterated a "market outperform" rating on shares of Newmark Group in a research report on Monday, August 10th. Finally, Wall Street Zen downgraded shares of Newmark Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $18.60.

Newmark Group Price Performance

The business's 50-day moving average price is $14.03 and its 200 day moving average price is $14.84. The stock has a market capitalization of $2.06 billion, a PE ratio of 14.01 and a beta of 1.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.55.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. The company had revenue of $888.42 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.31 earnings per share. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. 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. Shareholders of record on Friday, August 14th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.24 annualized dividend and a dividend yield of 2.1%. Newmark Group's dividend payout ratio (DPR) is presently 29.63%.

Institutional Investors Weigh In On Newmark Group

Several hedge funds have recently bought and sold shares of the stock. Edge Wealth Management LLC grew its holdings in shares of Newmark Group by 19.7% during the 3rd quarter. Edge Wealth Management LLC now owns 200,572 shares of the company's stock valued at $2,456,000 after purchasing an additional 33,009 shares during the last quarter. Tidal Investments LLC bought a new stake in Newmark Group in the second quarter worth $550,000. Arizona State Retirement System lifted its stake 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. Nykredit A S purchased a new stake in Newmark Group during the second quarter valued at about $41,000. Finally, Corient Private Wealth LP boosted its position in Newmark Group by 16.8% during the second quarter. Corient Private Wealth LP now owns 50,444 shares of the company's stock valued at $762,000 after buying an additional 7,247 shares during the period. 58.42% of the stock is currently owned by institutional investors.

About Newmark Group

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.

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