Vision Capital Corp Sells 238,546 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Vision Capital Corp decreased its position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 869,168 shares of the company's stock after selling 238,546 shares during the period. Newmark Group accounts for 1.8% of Vision Capital Corp's investment portfolio, making the stock its 11th biggest holding. Vision Capital Corp owned 0.51% of Newmark Group worth $11,134,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Jane Street Group LLC increased its holdings in Newmark Group by 8.4% in the 3rd quarter. Jane Street Group LLC now owns 140,001 shares of the company's stock worth $2,174,000 after acquiring an additional 10,796 shares during the last quarter. Barclays PLC increased its stake in shares of Newmark Group by 352.8% in the third quarter. Barclays PLC now owns 227,099 shares of the company's stock worth $3,526,000 after purchasing an additional 176,947 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Newmark Group by 5.7% in the third quarter. Geode Capital Management LLC now owns 3,554,867 shares of the company's stock valued at $55,216,000 after purchasing an additional 190,974 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Newmark Group during the 3rd quarter valued at approximately $317,000. Finally, Franklin Resources Inc. boosted its holdings in Newmark Group by 33.2% in the 3rd quarter. Franklin Resources Inc. now owns 107,642 shares of the company's stock worth $1,597,000 after buying an additional 26,847 shares during the period. Institutional investors own 58.42% of the company's stock.

Newmark Group Trading Down 0.6 %

NASDAQ:NMRK traded down $0.07 during trading hours on Friday, hitting $11.13. The company had a trading volume of 601,148 shares, compared to its average volume of 1,142,090. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a 50-day moving average price of $12.18 and a 200 day moving average price of $13.54. The company has a market capitalization of $2.01 billion, a PE ratio of 31.80 and a beta of 1.69. Newmark Group, Inc. has a 52 week low of $9.51 and a 52 week high of $16.10.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its earnings results on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.07. The firm had revenue of $888.30 million for the quarter, compared to the consensus estimate of $790.76 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The business's revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS. On average, equities research analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.12 annualized dividend and a dividend yield of 1.08%. Newmark Group's dividend payout ratio is presently 34.29%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. The Goldman Sachs Group reduced their target price on Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Keefe, Bruyette & Woods decreased their target price on shares of Newmark Group from $18.00 to $14.50 and set an "outperform" rating on the stock in a report on Thursday, April 17th.

Newmark Group 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.