Newmark Group, Inc. (NASDAQ:NMRK – Get Free Report) announced a quarterly dividend on Thursday, August 1st, Wall Street Journal reports. Shareholders of record on Friday, August 16th will be paid a dividend of 0.03 per share on Tuesday, September 3rd. This represents a $0.12 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, August 16th.
Newmark Group has decreased its dividend by an average of 2.6% per year over the last three years. Newmark Group has a payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Newmark Group to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 8.8%.
Newmark Group Price Performance
Shares of NMRK traded up $0.04 during mid-day trading on Wednesday, hitting $12.49. 307,188 shares of the company traded hands, compared to its average volume of 1,056,062. Newmark Group has a one year low of $5.09 and a one year high of $13.25. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average of $11.05 and a 200 day moving average of $10.65. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 56.59 and a beta of 2.02.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods increased their price target on shares of Newmark Group from $13.00 to $13.50 and gave the company a “market perform” rating in a research note on Thursday, August 8th.
Check Out Our Latest Research Report on Newmark Group
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.
Recommended Stories
- Five stocks we like better than Newmark Group
- What is a Bond Market Holiday? How to Invest and Trade
- Brinker International’s Price Dip is an Appetizing Entry Point
- What is a SEC Filing?
- 3 Stocks That Could Beat the September Blues
- Best Aerospace Stocks Investing
- Canopy Growth Stock: Can It Sustain Recent Gains?
Receive News & Ratings for Newmark Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmark Group and related companies with MarketBeat.com's FREE daily email newsletter.