Newmark Group, Inc. (NMRK) to Issue Quarterly Dividend of $0.06 on May 29th

Newmark Group, Inc. (NASDAQ:NMRK) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Thursday, May 14th will be given a dividend of 0.06 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, May 14th. This is a 100.0% increase from Newmark Group’s previous quarterly dividend of $0.03.

Newmark Group has decreased its dividend payment by an average of 0.0%annually over the last three years. Newmark Group has a payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Newmark Group to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 11.9%.

Newmark Group Trading Down 1.2%

NASDAQ NMRK opened at $16.53 on Tuesday. The company has a market cap of $3.05 billion, a PE ratio of 20.41 and a beta of 1.76. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39. Newmark Group has a 12 month low of $10.20 and a 12 month high of $19.83. The stock has a 50 day moving average of $15.23 and a 200-day moving average of $16.39.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Friday, May 8th. The company reported $0.08 EPS for the quarter. The company had revenue of $846.52 million during the quarter. Newmark Group had a return on equity of 26.46% and a net margin of 4.30%. On average, equities research analysts anticipate that Newmark Group will post 1.91 EPS for the current fiscal year.

Analysts Set New Price Targets

NMRK has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Newmark Group in a report on Tuesday, April 21st. Wall Street Zen raised Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Keefe, Bruyette & Woods increased their price target on Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a research note on Friday, May 1st. Citizens Jmp increased their price target on Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a research note on Friday, May 1st. Finally, Barclays dropped their price target on Newmark Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Newmark Group has an average rating of “Moderate Buy” and an average price target of $18.50.

Newmark Group Company Profile

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.