Newmark Group, Inc. (NASDAQ:NMRK – Get Free Report) declared a quarterly dividend on Thursday, August 1st, Wall Street Journal reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.03 per share on Tuesday, September 3rd. This represents a $0.12 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, August 16th.
Newmark Group has decreased its dividend payment by an average of 2.6% per year over the last three years. Newmark Group has a payout ratio of 8.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Newmark Group to earn $1.36 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 8.8%.
Newmark Group Price Performance
Shares of NASDAQ NMRK traded up $0.04 during midday trading on Wednesday, hitting $12.49. 307,188 shares of the company’s stock were exchanged, compared to its average volume of 1,056,062. The business’s fifty day moving average price is $11.05 and its two-hundred day moving average price is $10.65. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 56.59 and a beta of 2.02. Newmark Group has a 12-month low of $5.09 and a 12-month high of $13.25. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods boosted their target price on Newmark Group from $13.00 to $13.50 and gave the stock a “market perform” rating in a research report on Thursday, August 8th.
Read Our Latest Research Report on Newmark Group
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.
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