Newmark Group (NASDAQ:NMRK) Price Target Cut to $14.00 by Analysts at Piper Sandler

Newmark Group (NASDAQ:NMRK) had its target price reduced by Piper Sandler from $19.00 to $14.00 in a research note published on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other equities analysts have also weighed in on the stock. Weiss Ratings lowered shares of Newmark Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 28th. Keefe, Bruyette & Woods lowered their target price on shares of Newmark Group from $17.50 to $16.00 and set an “outperform” rating for the company in a report on Friday. UBS Group set a $22.00 target price on shares of Newmark Group in a report on Monday, August 10th. Wall Street Zen cut shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 5th. Finally, Citigroup reissued a “market outperform” rating on shares of Newmark Group in a research note on Monday, August 10th. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.80.

Newmark Group Stock Performance

Newmark Group stock opened at $11.74 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. Newmark Group has a 1 year low of $11.55 and a 1 year high of $19.83. The company has a market cap of $2.13 billion, a PE ratio of 14.49 and a beta of 1.76. The company’s 50-day moving average is $14.32 and its two-hundred day moving average is $14.92.

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

Newmark Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid 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

Several institutional investors and hedge funds have recently made changes to their positions in NMRK. Dimensional Fund Advisors LP raised its holdings in shares of Newmark Group by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company’s stock worth $80,095,000 after acquiring an additional 227,649 shares during the period. Systematic Financial Management LP lifted its position in Newmark Group by 7.7% in the 1st quarter. Systematic Financial Management LP now owns 1,692,518 shares of the company’s stock valued at $25,371,000 after acquiring an additional 121,011 shares in the last quarter. Bank of New York Mellon Corp lifted its position in 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 valued at $17,584,000 after acquiring an additional 186,236 shares in the last quarter. Sei Investments Co. boosted its stake in Newmark Group by 9.6% in the 1st quarter. Sei Investments Co. now owns 814,101 shares of the company’s stock worth $12,203,000 after purchasing an additional 71,516 shares during the period. Finally, Bank of America Corp DE boosted its stake in Newmark Group by 30.6% in the 1st quarter. Bank of America Corp DE now owns 543,309 shares of the company’s stock worth $8,144,000 after purchasing an additional 127,365 shares during the period. Institutional investors and hedge funds 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.