Newmark Group Inc (NASDAQ:NMRK) has been assigned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $20.40.

Separately, Zacks Investment Research lowered shares of Newmark Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 5th.

Newmark Group stock traded down $0.02 during trading hours on Wednesday, reaching $11.36. The stock had a trading volume of 12,437 shares, compared to its average volume of 464,231. The firm has a market cap of $1.76 billion and a PE ratio of 9.67. Newmark Group has a 52 week low of $10.67 and a 52 week high of $16.98. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.69.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $466.62 million during the quarter, compared to the consensus estimate of $472.50 million. sell-side analysts expect that Newmark Group will post 1.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Monday, August 20th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Friday, August 17th. Newmark Group’s payout ratio is 31.30%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Republic Investment Management Inc. boosted its stake in shares of Newmark Group by 54.1% during the 2nd quarter. First Republic Investment Management Inc. now owns 21,569 shares of the company’s stock valued at $307,000 after purchasing an additional 7,569 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Newmark Group by 4.8% during the 1st quarter. Stifel Financial Corp now owns 169,426 shares of the company’s stock valued at $2,575,000 after purchasing an additional 7,803 shares in the last quarter. Citigroup Inc. bought a new stake in shares of Newmark Group during the 1st quarter valued at about $147,000. Canandaigua National Bank & Trust Co. bought a new stake in shares of Newmark Group during the 2nd quarter valued at about $149,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Newmark Group during the 1st quarter valued at about $183,000. 13.94% of the stock is currently owned by hedge funds and other institutional investors.

Newmark Group Company Profile

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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Analyst Recommendations for Newmark Group (NASDAQ:NMRK)

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