Newmark Group (NASDAQ:NMRK) Rating Lowered to Hold at Zacks Investment Research
According to Zacks, “Newmark Group, Inc. operates as a commercial real estate advisory firm. The Company offers services and products which includes investment sales, debt and structured finance and loan sales, agency leasing, property management, valuation and advisory and loan servicing. Newmark Group, Inc. is based in New York, United States. “
NASDAQ NMRK traded up $0.44 during trading on Wednesday, hitting $9.65. 940,600 shares of the company’s stock traded hands, compared to its average volume of 1,107,925. The stock has a market capitalization of $1.63 billion, a PE ratio of 6.35, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17. Newmark Group has a 12-month low of $7.02 and a 12-month high of $14.68. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.60. The business’s 50 day simple moving average is $8.70.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 28th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.15%. This is an increase from Newmark Group’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, May 24th. Newmark Group’s dividend payout ratio is presently 26.32%.
In other news, CEO Barry M. Gosin purchased 561,084 shares of the stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average cost of $7.71 per share, with a total value of $4,325,957.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 90.95% of the company’s stock.
Newmark Group Company Profile
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 Newmark Knight Frank name.
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