Newmark Group Inc (NASDAQ:NMRK)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $9.31 and last traded at $9.38, with a volume of 7277 shares traded. The stock had previously closed at $9.57.

A number of brokerages recently issued reports on NMRK. Zacks Investment Research cut Newmark Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Sandler O’Neill upgraded Newmark Group from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, October 12th. Finally, Raymond James decreased their target price on Newmark Group from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Newmark Group currently has a consensus rating of “Buy” and a consensus price target of $17.86.

The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $1.49 billion and a PE ratio of 8.15.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings results on Thursday, October 25th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Newmark Group had a net margin of 2.28% and a return on equity of 67.99%. The business had revenue of $518.81 million for the quarter, compared to analysts’ expectations of $510.60 million. Research analysts forecast that Newmark Group Inc will post 1.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 7th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, November 6th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.84%. Newmark Group’s dividend payout ratio is 31.30%.

Several hedge funds have recently modified their holdings of the company. Trexquant Investment LP grew its holdings in shares of Newmark Group by 24.6% during the third quarter. Trexquant Investment LP now owns 27,000 shares of the company’s stock valued at $302,000 after buying an additional 5,339 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Newmark Group by 37.5% during the third quarter. Alliancebernstein L.P. now owns 24,200 shares of the company’s stock valued at $271,000 after buying an additional 6,600 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Newmark Group by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 11,490 shares of the company’s stock valued at $128,000 after buying an additional 6,860 shares in the last quarter. First Republic Investment Management Inc. grew its holdings in shares of Newmark Group by 54.1% during the second quarter. First Republic Investment Management Inc. now owns 21,569 shares of the company’s stock valued at $307,000 after buying an additional 7,569 shares in the last quarter. Finally, United Services Automobile Association grew its holdings in shares of Newmark Group by 5.8% during the third quarter. United Services Automobile Association now owns 158,722 shares of the company’s stock valued at $1,776,000 after buying an additional 8,702 shares in the last quarter. Institutional investors and hedge funds own 14.31% of the company’s stock.

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About Newmark Group (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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