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NASDAQ:NMRK

Newmark Group (NMRK) Stock Price, News & Analysis

$11.00
+0.24 (+2.23%)
(As of 03/4/2024 ET)
Today's Range
$10.73
$11.18
50-Day Range
$9.54
$11.13
52-Week Range
$5.07
$11.35
Volume
1.42 million shs
Average Volume
1.10 million shs
Market Capitalization
$1.90 billion
P/E Ratio
44.00
Dividend Yield
1.09%
Price Target
$10.17

Newmark Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.6% Downside
$10.17 Price Target
Short Interest
Healthy
2.68% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.04mentions of Newmark Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.27%
From $1.10 to $1.29 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.81 out of 5 stars

Finance Sector

540th out of 863 stocks

Real Estate Agents & Managers Industry

7th out of 14 stocks


NMRK stock logo

About Newmark Group Stock (NASDAQ:NMRK)

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; account and transaction management; and lease administration and facilities management services. The company provides its services to commercial real estate tenants, investors, owners, occupiers, and developers, as well as lenders and multi-national corporations. It operated offices on various 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. Newmark Group, Inc. operates as a subsidiary of Cantor Fitzgerald, L.P.

NMRK Stock Price History

NMRK Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Newmark Group: Recovery Is In Progress
Newmark Group (NASDAQ:NMRK) Shares Gap Down to $10.87
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Q4 2023 Newmark Group Inc Earnings Call
Newmark Group Inc. Q4 Profit Increases, but misses estimates
A Preview Of Newmark Group's Earnings
Newmark Group Q4 2023 Earnings Preview
NMRK Newmark Group, Inc.
Newmark Group Inc (NMRK)
See More Headlines
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Company Calendar

Ex-Dividend for 12/6 Dividend
11/21/2023
Dividend Payable
12/06/2023
Last Earnings
2/22/2024
Today
3/04/2024
Ex-Dividend for 3/22 Dividend
3/07/2024
Dividend Payable
3/22/2024
Next Earnings (Estimated)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate agents & managers
Sub-Industry
N/A
Current Symbol
NASDAQ:NMRK
Fax
N/A
Employees
6,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$10.17
High Stock Price Target
$13.00
Low Stock Price Target
$6.25
Potential Upside/Downside
-7.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$42.58 million
Pretax Margin
4.19%

Debt

Sales & Book Value

Annual Sales
$2.47 billion
Cash Flow
$3.06 per share
Book Value
$9.14 per share

Miscellaneous

Free Float
117,777,000
Market Cap
$1.90 billion
Optionable
Optionable
Beta
1.97
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Key Executives

  • Mr. Howard W. LutnickMr. Howard W. Lutnick (Age 62)
    Executive Chairman & PEO
    Comp: $20M
  • Mr. Barry M. Gosin (Age 73)
    Chief Executive Officer
    Comp: $2.61M
  • Mr. Michael J. Rispoli CPA (Age 52)
    Chief Financial Officer
    Comp: $1.35M
  • Mr. Stephen Marcus Merkel (Age 65)
    Executive VP, Chief Legal Officer & Assistant Corporate Secretary
    Comp: $1.5M
  • Mr. James D. Kuhn FRICS
    President & Head of Investor Services
  • Mr. Sridhar Potineni
    Chief Information Officer
  • Mr. Roger Ethan Anscher J.D.
    Chief Administrative Officer
  • Mr. Jason A. McGruder
    Head of Investor Relations
  • Ms. Angie Leccese
    Chief Marketing Officer
  • Ms. Karen Mitchell
    Chief Human Resources Officer














NMRK Stock Analysis - Frequently Asked Questions

Should I buy or sell Newmark Group stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" NMRK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NMRK, but not buy additional shares or sell existing shares.
View NMRK analyst ratings
or view top-rated stocks.

What is Newmark Group's stock price target for 2024?

4 Wall Street research analysts have issued 12-month price objectives for Newmark Group's stock. Their NMRK share price targets range from $6.25 to $13.00. On average, they predict the company's stock price to reach $10.17 in the next year. This suggests that the stock has a possible downside of 7.6%.
View analysts price targets for NMRK
or view top-rated stocks among Wall Street analysts.

How have NMRK shares performed in 2024?

Newmark Group's stock was trading at $10.96 on January 1st, 2024. Since then, NMRK shares have increased by 0.4% and is now trading at $11.00.
View the best growth stocks for 2024 here
.

When is Newmark Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our NMRK earnings forecast
.

How were Newmark Group's earnings last quarter?

Newmark Group, Inc. (NASDAQ:NMRK) issued its quarterly earnings results on Thursday, February, 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The business earned $747.70 million during the quarter, compared to analysts' expectations of $743.53 million. Newmark Group had a net margin of 1.72% and a trailing twelve-month return on equity of 17.03%. During the same period last year, the company earned $0.32 earnings per share.

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

Newmark Group declared a quarterly dividend on Wednesday, February 21st. Stockholders of record on Friday, March 8th will be paid a dividend of $0.03 per share on Friday, March 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Thursday, March 7th.
Read our dividend analysis for NMRK
.

Is Newmark Group a good dividend stock?

Newmark Group (NASDAQ:NMRK) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.11%. The dividend payout ratio is 48.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NMRK will have a dividend payout ratio of 9.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NMRK.

What ETFs hold Newmark Group's stock?

ETFs with the largest weight of Newmark Group (NASDAQ:NMRK) stock in their portfolio include First Trust Small Cap Value AlphaDEX Fund (FYT) and First Trust Small Cap Core AlphaDEX Fund (FYX).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

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

Newmark Group issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of 1.100-1.150 for the period, compared to the consensus estimate of 1.010. The company issued revenue guidance of $2.5 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion.

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

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

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 on Friday, December 15th 2017. The company issued 30,000,000 shares at $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) served as the underwriters for the IPO and Sandler O’Neill + Partners, Raymond James, Regions Securities, CastleOak Securities and Wedbush Securities were co-managers.

Who are Newmark Group's major shareholders?

Newmark Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.45%), Dimensional Fund Advisors LP (3.60%), River Road Asset Management LLC (2.02%), Paulson & CO. Inc. (1.74%), Charles Schwab Investment Management Inc. (1.14%) and Leeward Investments LLC MA (1.09%).
View institutional ownership trends
.

How do I buy shares of Newmark Group?

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

This page (NASDAQ:NMRK) was last updated on 3/4/2024 by MarketBeat.com Staff