Newmark Group, Inc. (NASDAQ:NMRK) to Issue Quarterly Dividend of $0.06

Newmark Group, Inc. (NASDAQ:NMRK) declared a quarterly dividend on Wednesday, October 28th. Investors of record on Friday, November 13th will be paid a dividend of $0.06 per share on Monday, November 30th. This represents a $0.24 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, November 13th.

Newmark Group has a dividend payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Newmark Group to earn $2.09 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 11.5%.

Newmark Group Stock Performance

NASDAQ NMRK opened at $11.38 on Friday. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 6.63 and a beta of 1.76. Newmark Group has a twelve month low of $11.13 and a twelve month high of $18.81. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $13.39 and a 200 day moving average of $14.89.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $973.20 million for the quarter, compared to analyst estimates of $953.93 million. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%. Newmark Group’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. Sell-side analysts anticipate that Newmark Group will post 1.94 EPS for the current fiscal year.

Institutional Trading of Newmark Group

A number of institutional investors have recently made changes to their positions in NMRK. Dimensional Fund Advisors LP increased its position in shares of Newmark Group by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company’s stock worth $80,095,000 after purchasing an additional 227,649 shares in the last quarter. Systematic Financial Management LP raised its stake in Newmark Group by 7.7% in the 1st quarter. Systematic Financial Management LP now owns 1,692,518 shares of the company’s stock valued at $25,371,000 after purchasing an additional 121,011 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Newmark Group by 18.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,173,058 shares of the company’s stock valued at $17,584,000 after purchasing an additional 186,236 shares in the last quarter. Sei Investments Co. lifted its holdings in Newmark Group by 9.6% in the 1st quarter. Sei Investments Co. now owns 814,101 shares of the company’s stock valued at $12,203,000 after purchasing an additional 71,516 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Newmark Group by 30.6% during the 1st quarter. Bank of America Corp DE now owns 543,309 shares of the company’s stock worth $8,144,000 after purchasing an additional 127,365 shares during the last quarter. 58.42% of the stock is owned by institutional investors and hedge funds.

Newmark Group Company Profile

Newmark Group, Inc is a global commercial real estate services company that provides advisory, transaction, and management services to occupiers, owners, investors, and developers. Its services cover office, industrial, retail, multifamily, hospitality, and other commercial property sectors.

The company assists clients with leasing, investment sales, acquisition and disposition advisory, debt and structured finance, valuation, consulting, and property and facilities management. Newmark also provides corporate real estate services, workplace strategy, capital markets advice, and technology-enabled data and research solutions.

Newmark serves clients through operations in major real estate markets across North America, Europe, Asia-Pacific, and other international regions.