Newmark Group (NASDAQ:NMRK) Sets New 12-Month High at $11.51

Shares of Newmark Group, Inc. (NASDAQ:NMRK) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $11.51 and last traded at $11.37, with a volume of 438659 shares changing hands. The stock had previously closed at $11.08.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NMRK shares. Keefe, Bruyette & Woods boosted their target price on shares of Newmark Group from $11.00 to $11.25 and gave the company a “market perform” rating in a report on Monday, February 26th. Piper Sandler restated an “overweight” rating and issued a $13.00 target price on shares of Newmark Group in a report on Tuesday.

Newmark Group Stock Up 0.1 %

The firm’s fifty day moving average price is $10.55 and its two-hundred day moving average price is $8.76. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 44.32 and a beta of 1.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.59 and a quick ratio of 0.59.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. Newmark Group had a net margin of 1.72% and a return on equity of 17.03%. The business had revenue of $747.70 million during the quarter, compared to the consensus estimate of $743.53 million. During the same period in the prior year, the firm posted $0.32 EPS. Sell-side 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 announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, March 7th. Newmark Group’s dividend payout ratio is currently 48.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NMRK. Tower Research Capital LLC TRC grew its stake in Newmark Group by 65.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,157 shares of the company’s stock valued at $33,000 after buying an additional 2,040 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Newmark Group by 44.0% in the 2nd quarter. Captrust Financial Advisors now owns 3,849 shares of the company’s stock valued at $37,000 after purchasing an additional 1,176 shares during the period. Bessemer Group Inc. boosted its holdings in Newmark Group by 6,298.8% in the 4th quarter. Bessemer Group Inc. now owns 5,183 shares of the company’s stock valued at $41,000 after purchasing an additional 5,102 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Newmark Group in the 3rd quarter valued at $44,000. Finally, Lazard Asset Management LLC boosted 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 valued at $46,000 after purchasing an additional 3,873 shares during the period. 58.42% of the stock is owned by institutional investors.

Newmark Group Company Profile

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.