Newmark Group, Inc. (NASDAQ:NMRK) Announces $0.03 Quarterly Dividend

Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.03 per share on Monday, March 17th. This represents a $0.12 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Monday, March 3rd.

Newmark Group has increased its dividend payment by an average of 44.2% annually over the last three years. Newmark Group has a dividend payout ratio of 7.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Newmark Group to earn $1.67 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 7.2%.

Newmark Group Price Performance

Shares of NMRK stock traded down $0.27 during mid-day trading on Friday, hitting $14.16. 1,045,279 shares of the stock were exchanged, compared to its average volume of 960,767. The firm has a fifty day moving average of $13.46 and a 200 day moving average of $14.18. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. Newmark Group has a 52-week low of $9.44 and a 52-week high of $16.10. The company has a market cap of $2.42 billion, a PE ratio of 40.46 and a beta of 1.99.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.07. The firm had revenue of $888.30 million for the quarter, compared to analyst estimates of $790.76 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. Newmark Group's quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. Research analysts anticipate that Newmark Group will post 1.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wolfe Research lowered shares of Newmark Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, November 25th. The Goldman Sachs Group assumed coverage on shares of Newmark Group in a research note on Friday, December 6th. They issued a "buy" rating and a $19.00 price target on the stock.

Newmark Group Company Profile

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.