Newmark Group, Inc. (NASDAQ:NMRK – Get Free Report) reached a new 52-week low on Monday. The company traded as low as $11.37 and last traded at $11.3660, with a volume of 726,527 shares changing hands. The stock had previously closed at $11.86.
Analysts Set New Price Targets
Several brokerages recently weighed in on NMRK. UBS Group set a $22.00 target price on Newmark Group in a report on Monday, August 10th. Wall Street Zen cut Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 5th. Piper Sandler reaffirmed a “neutral” rating and issued a $13.00 price target (down from $14.00) on shares of Newmark Group in a research note on Monday. Zacks Research downgraded Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Finally, Citigroup reiterated a “market outperform” rating on shares of Newmark Group in a research report on Monday, August 10th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Newmark Group has a consensus rating of “Moderate Buy” and a consensus price target of $18.60.
View Our Latest Stock Report on Newmark Group
Newmark Group Stock Down 4.3%
The firm has a market cap 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. The company’s 50-day simple moving average is $14.03 and its two-hundred day simple moving average is $14.84.
Newmark Group (NASDAQ:NMRK – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Newmark Group had a net margin of 4.11% and a return on equity of 27.07%. The firm had revenue of $888.42 million for the quarter, compared to analysts’ expectations of $865.24 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. On average, analysts predict that Newmark Group, Inc. will post 1.94 earnings per share for the current fiscal year.
Newmark Group Dividend Announcement
The company also recently announced 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 2.1%. The ex-dividend date was Friday, August 14th. Newmark Group’s dividend payout ratio is currently 29.63%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Newmark Group by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company’s stock worth $80,095,000 after buying an additional 227,649 shares during the period. Systematic Financial Management LP grew its position in shares of Newmark Group by 7.7% in the 1st quarter. Systematic Financial Management LP now owns 1,692,518 shares of the company’s stock worth $25,371,000 after buying an additional 121,011 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Newmark Group by 18.9% in 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 buying an additional 186,236 shares during the last quarter. Sei Investments Co. increased its stake in shares of Newmark Group by 9.6% during the first quarter. Sei Investments Co. now owns 814,101 shares of the company’s stock valued at $12,203,000 after buying an additional 71,516 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Newmark Group by 30.6% during the first quarter. Bank of America Corp DE now owns 543,309 shares of the company’s stock valued at $8,144,000 after buying an additional 127,365 shares during the period. Hedge funds and other 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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