Newmark Group (NASDAQ:NMRK) Reaches New 12-Month Low - What's Next?

Key Points

• Newmark Group shares fell 4.3% to a new 52-week low of $12.05, well below their 50-day and 200-day moving averages. The company’s market capitalization was approximately $2.18 billion.
• Despite the stock’s decline, analysts maintain a generally positive outlook: five rate it Buy and two Hold, producing a “Moderate Buy” consensus and an average price target of $20.30.
• Newmark reported quarterly EPS of $0.39, matching estimates, while revenue rose 17% year over year to $888.42 million. The company also paid a quarterly dividend of $0.06, representing a 2.0% annualized yield.

Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report) reached a new 52-week low during trading on Wednesday. The stock traded as low as $12.05 and last traded at $12.09, with a volume of 129587 shares changing hands. The stock had previously closed at $12.59.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group set a $22.00 target price 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. Keefe, Bruyette & Woods reiterated an "outperform" rating on shares of Newmark Group in a research note on Thursday, September 24th. Zacks Research cut Newmark Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 18th. Finally, Piper Sandler restated an "overweight" rating and issued a $19.00 price target on shares of Newmark Group in a research note on Monday, June 29th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $20.30.

Newmark Group Trading Down 4.3%

The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 14.84 and a beta of 1.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.55 and a quick ratio of 0.55. The business's 50-day moving average price is $14.55 and its two-hundred day moving average price is $14.99.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%.The company had revenue of $888.42 million for the quarter, compared to analyst estimates of $865.24 million. During the same period in the prior year, the firm posted $0.31 EPS. Newmark Group'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. Research analysts predict that Newmark Group, Inc. will post 1.97 earnings per share for the current 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 issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 14th. Newmark Group's dividend payout ratio (DPR) is currently 29.63%.

Institutional Trading of Newmark Group

A number of institutional investors and hedge funds have recently made changes to their positions in NMRK. Assenagon Asset Management S.A. acquired a new position in shares of Newmark Group during the 2nd quarter worth $4,415,000. Bank of New York Mellon Corp lifted its holdings in shares of Newmark Group by 18.9% in the first 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 during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Newmark Group in the 2nd quarter valued at approximately $1,532,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Newmark Group in the 1st quarter valued at approximately $1,079,000. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of Newmark Group by 115,331.1% during the 1st quarter. Hillsdale Investment Management Inc. now owns 519,440 shares of the company's stock valued at $7,786,000 after purchasing an additional 518,990 shares during the last quarter. Institutional investors own 58.42% of the company's stock.

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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