NASDAQ:NMRK

Newmark Group Stock Forecast, Price & News

$13.46
+0.65 (+5.07 %)
(As of 06/15/2021 12:00 AM ET)
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Today's Range
$12.95
$13.71
50-Day Range
$10.37
$13.46
52-Week Range
$3.87
$13.71
Volume1.36 million shs
Average Volume841,281 shs
Market Capitalization$2.47 billion
P/E Ratio26.39
Dividend Yield0.31%
Beta1.89
30 days | 90 days | 365 days | Advanced Chart
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Newmark Group logo

About Newmark Group

Newmark Group, Inc. provides commercial real estate services in the United States and internationally. The company's investor/owner services and products include capital markets, such as investment, debt and structured finance, and loan sales; agency leasing, property management, and valuation and advisory; and commercial real estate due diligence consulting and advisory services, as well as government sponsored enterprise lending, loan servicing, mortgage broking, and equity-raising services. Its occupier services and products comprise tenant representation; real estate management technology systems; workplace and occupancy strategy; global corporate consulting; project management; and lease administration and facilities management services. The company provides its services to commercial real estate tenants, investors, owners, occupiers, and developers. As of December 31, 2020, it operated approximately 480 offices on six continents. The company was formerly known as Newmark Knight Frank and changed its name to Newmark Group, Inc. in October 2017. Newmark Group, Inc. was founded in 1929 and is based in New York, New York.

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MarketRank

Overall MarketRank

1.70 out of 5 stars

Finance Sector

457th out of 1,977 stocks

Real Estate Agents & Managers Industry

4th out of 19 stocks

Analyst Opinion: 1.4Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
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Newmark Group (NASDAQ:NMRK) Frequently Asked Questions

Is Newmark Group a buy right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Newmark Group stock.
View analyst ratings for Newmark Group
or view top-rated stocks.

What stocks does MarketBeat like better than Newmark Group?

Wall Street analysts have given Newmark Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Newmark Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Newmark Group?

Newmark Group saw a decrease in short interest in the month of May. As of May 28th, there was short interest totaling 1,930,000 shares, a decrease of 19.6% from the May 13th total of 2,400,000 shares. Based on an average daily trading volume, of 753,100 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.2% of the shares of the company are sold short.
View Newmark Group's Short Interest
.

When is Newmark Group's next earnings date?

Newmark Group is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Newmark Group
.

How were Newmark Group's earnings last quarter?

Newmark Group, Inc. (NASDAQ:NMRK) posted its quarterly earnings results on Thursday, May, 6th. The company reported $0.20 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.12 by $0.08. Newmark Group had a net margin of 5.45% and a trailing twelve-month return on equity of 30.14%.
View Newmark Group's earnings history
.

How has Newmark Group's stock price been impacted by Coronavirus (COVID-19)?

Newmark Group's stock was trading at $7.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NMRK shares have increased by 92.0% and is now trading at $13.46.
View which stocks have been most impacted by COVID-19
.

How often does Newmark Group pay dividends? What is the dividend yield for Newmark Group?

Newmark Group declared a quarterly dividend on Friday, May 7th. Stockholders of record on Wednesday, May 26th will be given a dividend of $0.01 per share on Monday, June 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Tuesday, May 25th.
View Newmark Group's dividend history
.

Is Newmark Group a good dividend stock?

Newmark Group pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.31%. Newmark Group does not yet have a strong track record of dividend growth. The dividend payout ratio of Newmark Group is 4.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Newmark Group will have a dividend payout ratio of 2.65% next year. This indicates that Newmark Group will be able to sustain or increase its dividend.
View Newmark Group's dividend history.

What guidance has Newmark Group issued on next quarter's earnings?

Newmark Group issued an update on its second quarter 2021 earnings guidance on Thursday, May, 27th. The company provided earnings per share guidance of - for the period. The company issued revenue guidance of $525.67 million-$544.85 million, compared to the consensus revenue estimate of $459.45 million.

What price target have analysts set for NMRK?

6 brokers have issued twelve-month price objectives for Newmark Group's shares. Their forecasts range from $6.00 to $22.00. On average, they expect Newmark Group's share price to reach $13.67 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price.
View analysts' price targets for Newmark Group
or view top-rated stocks among Wall Street analysts.

Who are Newmark Group's key executives?

Newmark Group's management team includes the following people:
  • Mr. Barry M. Gosin, Chief Exec. Officer (Age 70, Pay $11.62M)
  • Mr. Michael J. Rispoli, Chief Financial Officer (Age 49, Pay $1.32M)
  • Mr. Stephen Marcus Merkel, Exec. VP, Chief Legal Officer & Assistant Corp. Sec. (Age 62, Pay $1.38M)
  • Mr. James D. Kuhn, Pres & Head of Investor Services
  • Mr. Raj Bhatti, Chief Information Officer
  • Ms. Alison Lewis, Chief Admin. Officer
  • Mr. Jason Edward Harbes CFA, VP of Investor Relations
  • Mr. Joe Hudson, Chief HR Officer
  • Mr. Luis Alvarado, Chief Revenue Officer & East Region Market Leader
  • Mr. Jeffrey C. Day, Chief Strategy Officer and Pres & Head of Multifamily Capital Markets

What is Barry M. Gosin's approval rating as Newmark Group's CEO?

68 employees have rated Newmark Group CEO Barry M. Gosin on Glassdoor.com. Barry M. Gosin has an approval rating of 54% among Newmark Group's employees. This puts Barry M. Gosin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Newmark Group's key competitors?

What other stocks do shareholders of Newmark Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Newmark Group investors own include BGC Partners (BGCP), Verizon Communications (VZ), AT&T (T), Intel (INTC), AGNC Investment (AGNC), Medical Properties Trust (MPW), AbbVie (ABBV), Alibaba Group (BABA), Energy Transfer (ET) and Enterprise Products Partners (EPD).

When did Newmark Group IPO?

(NMRK) raised $615 million in an initial public offering (IPO) on Friday, December 15th 2017. The company issued 30,000,000 shares at a price of $19.00-$22.00 per share. Goldman Sachs, BofA Merrill Lynch, Citigroup, Cantor Fitzgerald, PNC Capital Markets, Mizuho Securities, Capital One Securities and Keefe, Bruyette & Woods (A Stifel Company) acted as the underwriters for the IPO and Sandler O’Neill + Partners, Raymond James, Regions Securities, CastleOak Securities and Wedbush Securities were co-managers.

What is Newmark Group's stock symbol?

Newmark Group trades on the NASDAQ under the ticker symbol "NMRK."

Who are Newmark Group's major shareholders?

Newmark Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.85%), Geode Capital Management LLC (1.89%), Bank of New York Mellon Corp (1.83%), River Road Asset Management LLC (1.38%), Royal Bank of Canada (1.37%) and Dimensional Fund Advisors LP (1.32%).
View institutional ownership trends for Newmark Group
.

Which major investors are selling Newmark Group stock?

NMRK stock was sold by a variety of institutional investors in the last quarter, including D. E. Shaw & Co. Inc., Panagora Asset Management Inc., Penn Capital Management Co. Inc., EJF Capital LLC, Russell Investments Group Ltd., Victory Capital Management Inc., Birch Grove Capital LP, and Bank of New York Mellon Corp.
View insider buying and selling activity for Newmark Group
or view top insider-selling stocks.

Which major investors are buying Newmark Group stock?

NMRK stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Geode Capital Management LLC, River Road Asset Management LLC, Voloridge Investment Management LLC, Sei Investments Co., Kennedy Capital Management Inc., Morgan Stanley, and Dimensional Fund Advisors LP.
View insider buying and selling activity for Newmark Group
or or view top insider-buying stocks.

How do I buy shares of Newmark Group?

Shares of NMRK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Newmark Group's stock price today?

One share of NMRK stock can currently be purchased for approximately $13.46.

How much money does Newmark Group make?

Newmark Group has a market capitalization of $2.47 billion and generates $1.91 billion in revenue each year. The company earns $80.06 million in net income (profit) each year or $0.93 on an earnings per share basis.

How many employees does Newmark Group have?

Newmark Group employs 5,800 workers across the globe.

What is Newmark Group's official website?

The official website for Newmark Group is www.ngkf.com.

Where are Newmark Group's headquarters?

Newmark Group is headquartered at 125 PARK AVENUE, NEW YORK NY, 10017.

How can I contact Newmark Group?

Newmark Group's mailing address is 125 PARK AVENUE, NEW YORK NY, 10017. The company can be reached via phone at 212-372-2000.


This page was last updated on 6/15/2021 by MarketBeat.com Staff
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