Newmark Group Inc (NASDAQ:NMRK)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $11.20 and last traded at $11.21, with a volume of 9588 shares changing hands. The stock had previously closed at $11.41.

Separately, Zacks Investment Research upgraded Newmark Group from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, July 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Newmark Group currently has an average rating of “Buy” and a consensus target price of $19.21.

The stock has a market cap of $1.85 billion and a P/E ratio of 9.83. 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 data on Thursday, August 2nd. The company reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $466.62 million during the quarter, compared to analysts’ expectations of $472.50 million. analysts forecast that Newmark Group Inc will post 1.53 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Monday, August 20th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, August 17th. This represents a $0.36 annualized dividend and a dividend yield of 3.22%. Newmark Group’s payout ratio is 31.30%.

Several institutional investors have recently made changes to their positions in NMRK. Citigroup Inc. purchased a new stake in shares of Newmark Group in the first quarter worth about $147,000. Canandaigua National Bank & Trust Co. purchased a new stake in shares of Newmark Group in the second quarter worth about $149,000. PNC Financial Services Group Inc. purchased a new stake in shares of Newmark Group in the first quarter worth about $183,000. First Republic Investment Management Inc. purchased a new stake in shares of Newmark Group in the first quarter worth about $213,000. Finally, American International Group Inc. purchased a new stake in shares of Newmark Group in the first quarter worth about $226,000. Institutional investors and hedge funds own 14.21% 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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