Newmark Group (NASDAQ:NMRK) Stock Dropped to Hold by Wall Street Zen

Wall Street Zen lowered shares of Newmark Group (NASDAQ:NMRK) from a buy rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

NMRK has been the topic of several other reports. Weiss Ratings raised shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a research report on Thursday. Citizens Jmp cut their price target on shares of Newmark Group from $22.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Thursday. Zacks Research downgraded shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $13.00 price target (down from $14.00) on shares of Newmark Group in a report on Monday, October 19th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.60.

Newmark Group Price Performance

NMRK stock opened at $11.52 on Friday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 14.22 and a beta of 1.76. 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 has a 52-week low of $11.26 and a 52-week high of $19.83. The stock’s fifty day simple moving average is $13.70 and its 200-day simple moving average is $14.73.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Wednesday, July 29th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%. The firm had revenue of $888.42 million during the quarter, compared to analyst estimates of $865.24 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The business’s quarterly revenue 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. Equities research analysts expect that Newmark Group will post 1.94 EPS for the current year.

Newmark Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.06 dividend. 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 (DPR) is 29.63%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Access Investment Management LLC increased its holdings in shares of Newmark Group by 26.0% in the 3rd quarter. Access Investment Management LLC now owns 72,598 shares of the company’s stock valued at $890,000 after acquiring an additional 15,000 shares during the last quarter. Signaturefd LLC boosted its position in shares of Newmark Group by 87.4% during the third quarter. Signaturefd LLC now owns 5,863 shares of the company’s stock worth $72,000 after buying an additional 2,735 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Newmark Group by 49.6% during the third quarter. Nisa Investment Advisors LLC now owns 28,422 shares of the company’s stock worth $348,000 after buying an additional 9,426 shares during the period. Edge Wealth Management LLC boosted its position in shares of Newmark Group by 19.7% during the third quarter. Edge Wealth Management LLC now owns 200,572 shares of the company’s stock worth $2,456,000 after buying an additional 33,009 shares during the period. Finally, Tidal Investments LLC bought a new position in Newmark Group in the 2nd quarter worth approximately $550,000. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Company Profile

Newmark Group, Inc is a global commercial real estate services company that provides advisory, transaction, and management services to occupiers, owners, investors, and developers. Its services cover office, industrial, retail, multifamily, hospitality, and other commercial property sectors.

The company assists clients with leasing, investment sales, acquisition and disposition advisory, debt and structured finance, valuation, consulting, and property and facilities management. Newmark also provides corporate real estate services, workplace strategy, capital markets advice, and technology-enabled data and research solutions.

Newmark serves clients through operations in major real estate markets across North America, Europe, Asia-Pacific, and other international regions.