Shares of Newmark Group Inc (NASDAQ:NMRK) reached a new 52-week low during trading on Monday . The company traded as low as $11.20 and last traded at $11.21, with a volume of 9588 shares. The stock had previously closed at $11.41.
Separately, Zacks Investment Research lowered Newmark Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.21.
The company has a debt-to-equity ratio of 0.69, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market capitalization of $1.85 billion and a P/E ratio of 9.83.
Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $466.62 million during the quarter, compared to the consensus estimate of $472.50 million. equities analysts predict that Newmark Group Inc will post 1.53 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Monday, August 20th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Friday, August 17th. Newmark Group’s payout ratio is currently 31.30%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its holdings in shares of Newmark Group by 127.3% in the first quarter. Wells Fargo & Company MN now owns 21,813 shares of the company’s stock worth $331,000 after acquiring an additional 12,217 shares during the period. Systematic Financial Management LP lifted its position in Newmark Group by 41.5% during the second quarter. Systematic Financial Management LP now owns 1,094,552 shares of the company’s stock valued at $15,575,000 after purchasing an additional 320,839 shares in the last quarter. Legal & General Group Plc purchased a new position in Newmark Group during the first quarter valued at $1,276,000. Trexquant Investment LP purchased a new position in Newmark Group during the second quarter valued at $308,000. Finally, Neuberger Berman Group LLC lifted its position in Newmark Group by 10.5% during the first quarter. Neuberger Berman Group LLC now owns 552,615 shares of the company’s stock valued at $8,394,000 after purchasing an additional 52,615 shares in the last quarter. 14.21% of the stock is owned by institutional investors.
About Newmark Group (NASDAQ:NMRK)
Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Berkeley Point and NKF Capital Markets names.
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