Newmark Group Inc (NASDAQ:NMRK) saw unusually-strong trading volume on Friday . Approximately 4,685,539 shares were traded during mid-day trading, an increase of 1,104% from the previous session’s volume of 389,325 shares.The stock last traded at $11.38 and had previously closed at $10.95.

Separately, Zacks Investment Research downgraded shares of Newmark Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $19.21.

The company has a debt-to-equity ratio of 0.69, a current ratio of 0.51 and a quick ratio of 0.51.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $466.62 million during the quarter, compared to analysts’ expectations of $472.50 million. research analysts forecast that Newmark Group Inc will post 1.53 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Monday, August 20th were given a $0.09 dividend. The ex-dividend date was Friday, August 17th. This represents a $0.36 annualized dividend and a yield of 3.16%. Newmark Group’s dividend payout ratio (DPR) is 31.30%.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Newmark Group during the 1st quarter worth $44,699,000. Jacobs Asset Management LLC purchased a new position in Newmark Group during the 1st quarter worth $11,137,000. Millennium Management LLC raised its position in Newmark Group by 263.7% during the 1st quarter. Millennium Management LLC now owns 708,445 shares of the company’s stock worth $10,761,000 after buying an additional 513,674 shares during the last quarter. Northern Trust Corp raised its position in Newmark Group by 3,090.2% during the 1st quarter. Northern Trust Corp now owns 474,706 shares of the company’s stock worth $7,211,000 after buying an additional 459,826 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. purchased a new position in Newmark Group during the 1st quarter worth $6,306,000. Hedge funds and other institutional investors own 13.95% of the company’s stock.

Newmark Group Company Profile (NASDAQ:NMRK)

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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