Newmark Group, Inc. (NMRK) To Go Ex-Dividend on November 21st

Newmark Group, Inc. (NASDAQ:NMRK) announced a quarterly dividend on Monday, November 4th, Wall Street Journal reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.03 per share on Thursday, December 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, November 21st.

Newmark Group has decreased its dividend payment by an average of 2.6% per year over the last three years. Newmark Group has a dividend payout ratio of 8.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Newmark Group to earn $1.38 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 8.7%.

Newmark Group Trading Down 1.0 %

Shares of Newmark Group stock traded down $0.15 on Wednesday, hitting $14.75. 2,416,023 shares of the company’s stock traded hands, compared to its average volume of 1,350,841. The firm’s 50-day moving average price is $14.81 and its two-hundred day moving average price is $12.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $2.53 billion, a PE ratio of 56.73 and a beta of 2.01. Newmark Group has a one year low of $6.64 and a one year high of $16.10.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Newmark Group had a net margin of 1.75% and a return on equity of 17.78%. The company had revenue of $685.90 million for the quarter, compared to analysts’ expectations of $682.07 million. During the same period last year, the firm posted $0.27 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, research analysts expect that Newmark Group will post 1.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NMRK. Piper Sandler upped their price objective on Newmark Group from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Keefe, Bruyette & Woods raised Newmark Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $13.50 to $16.50 in a research report on Thursday, September 5th. Finally, Wolfe Research upgraded shares of Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a report on Friday, August 16th.

About Newmark Group

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.