Dimensional Fund Advisors LP Sells 254,049 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Dimensional Fund Advisors LP lowered its position in Newmark Group, Inc. (NASDAQ:NMRK – Get Rating) by 7.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,209,974 shares of the company’s stock after selling 254,049 shares during the period. Dimensional Fund Advisors LP’s holdings in Newmark Group were worth $25,872,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NMRK. Price T Rowe Associates Inc. MD increased its holdings in Newmark Group by 1.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 99,081 shares of the company’s stock worth $958,000 after purchasing an additional 989 shares in the last quarter. Captrust Financial Advisors increased its holdings in Newmark Group by 44.0% during the 2nd quarter. Captrust Financial Advisors now owns 3,849 shares of the company’s stock worth $37,000 after purchasing an additional 1,176 shares in the last quarter. Eqis Capital Management Inc. increased its holdings in Newmark Group by 9.1% during the 3rd quarter. Eqis Capital Management Inc. now owns 15,560 shares of the company’s stock worth $125,000 after purchasing an additional 1,304 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Newmark Group by 14.0% during the 1st quarter. Ameritas Investment Partners Inc. now owns 13,039 shares of the company’s stock worth $208,000 after purchasing an additional 1,599 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in Newmark Group by 7.7% during the 1st quarter. Hsbc Holdings PLC now owns 23,406 shares of the company’s stock worth $376,000 after purchasing an additional 1,677 shares in the last quarter. Institutional investors own 55.36% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on NMRK shares. Raymond James lowered their target price on Newmark Group from $13.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, January 20th. The Goldman Sachs Group increased their target price on Newmark Group from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Friday, February 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.50.

Newmark Group Trading Up 2.5 %

Newmark Group stock opened at $7.92 on Friday. The firm has a 50-day moving average of $8.44 and a 200-day moving average of $8.75. Newmark Group, Inc. has a one year low of $7.41 and a one year high of $17.18. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 17.22 and a beta of 1.71.

Newmark Group (NASDAQ:NMRK – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Newmark Group had a return on equity of 22.68% and a net margin of 3.19%. The business had revenue of $607.30 million for the quarter, compared to analyst estimates of $670.56 million. During the same quarter in the prior year, the company earned $0.65 earnings per share. The company’s quarterly revenue was down 38.3% on a year-over-year basis. On average, equities analysts expect that Newmark Group, Inc. will post 1.26 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Friday, March 3rd will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $0.12 annualized dividend and a yield of 1.52%. Newmark Group’s dividend payout ratio (DPR) is currently 26.09%.

Newmark Group Profile

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Newmark Group Inc engages in the provision of commercial real estate services. It offers its services to commercial real estate tenants, investors, owners, occupiers, developers, leasing and corporate advisory, investment sales and real estate finance, consulting, origination and servicing of commercial mortgage loans, valuation, project and development management and property and facility management.