ValuEngine lowered shares of Newmark Group (NASDAQ:NMRK) from a hold rating to a sell rating in a research note released on Thursday, ValuEngine reports.

Other analysts have also recently issued reports about the company. BidaskClub raised Newmark Group from a hold rating to a buy rating in a report on Friday, February 7th. Zacks Investment Research cut Newmark Group from a buy rating to a hold rating in a report on Saturday, January 4th. Finally, Bank of America began coverage on Newmark Group in a report on Friday, October 18th. They set a buy rating and a $15.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Newmark Group has an average rating of Hold and an average target price of $12.97.

NASDAQ:NMRK traded down $0.33 during mid-day trading on Thursday, hitting $11.46. 1,292,687 shares of the stock were exchanged, compared to its average volume of 962,753. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 0.78 and a beta of 1.47. The firm’s 50-day simple moving average is $12.24 and its 200 day simple moving average is $10.99. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49. Newmark Group has a fifty-two week low of $7.02 and a fifty-two week high of $13.85.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.03). The firm had revenue of $632.40 million for the quarter, compared to analyst estimates of $665.84 million. Newmark Group had a return on equity of 41.01% and a net margin of 6.44%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. On average, analysts predict that Newmark Group will post 1.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 3.49%. Newmark Group’s dividend payout ratio (DPR) is presently 26.32%.

Institutional investors have recently bought and sold shares of the business. Diversified Trust Co increased its stake in Newmark Group by 17.4% during the 4th quarter. Diversified Trust Co now owns 32,490 shares of the company’s stock worth $437,000 after acquiring an additional 4,824 shares during the period. Barclays PLC increased its stake in Newmark Group by 13.4% during the 3rd quarter. Barclays PLC now owns 152,450 shares of the company’s stock worth $1,380,000 after acquiring an additional 18,072 shares during the period. Squarepoint Ops LLC increased its stake in Newmark Group by 44.2% during the 3rd quarter. Squarepoint Ops LLC now owns 127,836 shares of the company’s stock worth $1,158,000 after acquiring an additional 39,209 shares during the period. Raymond James Trust N.A. increased its stake in Newmark Group by 7.0% during the 4th quarter. Raymond James Trust N.A. now owns 26,275 shares of the company’s stock worth $353,000 after acquiring an additional 1,714 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Newmark Group by 54.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 216,106 shares of the company’s stock valued at $1,958,000 after purchasing an additional 76,103 shares during the last quarter. Hedge funds and other institutional investors own 55.75% of the company’s stock.

About Newmark Group

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 Newmark Knight Frank name.

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