Newmark Group (NASDAQ:NMRK) Reaches New 1-Year High at $11.51

Newmark Group, Inc. (NASDAQ:NMRK)’s stock price reached a new 52-week high on Thursday . The company traded as high as $11.51 and last traded at $11.37, with a volume of 438659 shares traded. The stock had previously closed at $11.08.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $13.00 target price on shares of Newmark Group in a research report on Tuesday. Keefe, Bruyette & Woods increased their price objective on shares of Newmark Group from $11.00 to $11.25 and gave the company a “market perform” rating in a research report on Monday, February 26th.

Newmark Group Stock Up 0.1 %

The company’s 50 day simple moving average is $10.55 and its 200-day simple moving average is $8.76. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1.91 billion, a P/E ratio of 44.32 and a beta of 1.97.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Thursday, February 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $747.70 million during the quarter, compared to analyst estimates of $743.53 million. Newmark Group had a net margin of 1.72% and a return on equity of 17.03%. During the same period in the prior year, the firm posted $0.32 EPS. Research analysts forecast that Newmark Group, Inc. will post 1.12 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, March 7th. Newmark Group’s dividend payout ratio (DPR) is currently 48.00%.

Institutional Investors Weigh In On Newmark Group

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in shares of Newmark Group by 65.4% during the third quarter. Tower Research Capital LLC TRC now owns 5,157 shares of the company’s stock valued at $33,000 after purchasing an additional 2,040 shares during the period. Captrust Financial Advisors raised its holdings in Newmark Group by 44.0% in the second quarter. Captrust Financial Advisors now owns 3,849 shares of the company’s stock worth $37,000 after purchasing an additional 1,176 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Newmark Group by 6,298.8% during the fourth quarter. Bessemer Group Inc. now owns 5,183 shares of the company’s stock valued at $41,000 after acquiring an additional 5,102 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Newmark Group during the third quarter valued at about $44,000. Finally, Lazard Asset Management LLC increased its holdings in Newmark Group by 117.8% in the 3rd quarter. Lazard Asset Management LLC now owns 7,161 shares of the company’s stock worth $46,000 after buying an additional 3,873 shares during the period. Institutional investors own 58.42% of the company’s stock.

About Newmark Group

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.