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NASDAQ:NMRKNewmark Group Stock Price, Forecast & News

$4.23
-0.02 (-0.47 %)
(As of 06/2/2020 04:00 PM ET)
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Compare
Today's Range
$4.04
Now: $4.23
$4.41
50-Day Range
$3.23
MA: $3.79
$4.60
52-Week Range
$2.49
Now: $4.23
$13.85
Volume1.76 million shs
Average Volume1.58 million shs
Market Capitalization$753.89 million
P/E Ratio7.83
Dividend Yield0.95%
Beta1.72
Newmark Group, Inc. provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Newmark Knight Frank name. The company's occupier services and products comprise tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration, and facilities management. It provides its services to commercial real estate tenants, owner-occupiers, investors, and developers. As of March 12, 2019, Newmark Group, Inc. operated approximately 430 offices in 6 continents. The company was formerly known as Newmark Knight Frank and changed its name to Newmark Group, Inc. in October 2017. The company was founded in 1929 and is headquartered in New York, New York.
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Newmark Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 2.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.84 out of 5 stars


Industry, Sector and Symbol

Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:NMRK
CUSIPN/A
Phone212-372-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.22 billion
Cash Flow$3.33 per share
Book Value$5.30 per share

Profitability

Net Income$117.31 million

Miscellaneous

Employees5,600
Market Cap$753.89 million
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Newmark Group (NASDAQ:NMRK) Frequently Asked Questions

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

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. Since then, NMRK stock has decreased by 39.7% and is now trading at $4.23. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Newmark Group?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Newmark Group.

When is Newmark Group's next earnings date?

Newmark Group is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Newmark Group.

How were Newmark Group's earnings last quarter?

Newmark Group Inc (NASDAQ:NMRK) posted its quarterly earnings data on Thursday, May, 7th. The company reported $0.09 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.23 by $0.14. The business had revenue of $483.93 million for the quarter, compared to analysts' expectations of $484.27 million. Newmark Group had a return on equity of 41.44% and a net margin of 4.67%. View Newmark Group's earnings history.

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

Newmark Group declared a quarterly dividend on Friday, May 8th. Investors of record on Thursday, May 28th will be given a dividend of $0.01 per share on Monday, June 15th. This represents a $0.04 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, May 27th. View Newmark Group's dividend history.

What price target have analysts set for NMRK?

5 brokerages have issued 12 month target prices for Newmark Group's stock. Their forecasts range from $4.00 to $14.00. On average, they anticipate Newmark Group's stock price to reach $7.97 in the next twelve months. This suggests a possible upside of 88.4% from the stock's current price. View analysts' price targets for Newmark Group.

Has Newmark Group been receiving favorable news coverage?

News headlines about NMRK stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Newmark Group earned a news sentiment score of -3.5 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutNewmark Group.

Are investors shorting Newmark Group?

Newmark Group saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,820,000 shares, a decrease of 18.0% from the April 30th total of 2,220,000 shares. Based on an average daily trading volume, of 1,820,000 shares, the short-interest ratio is currently 1.0 days. Currently, 1.2% of the shares of the stock are short sold. View Newmark Group's Current Options Chain.

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), AT&T (T), Intel (INTC), Verizon Communications (VZ), Alibaba Group (BABA), Cisco Systems (CSCO), Altria Group (MO), Pfizer (PFE), AGNC Investment (AGNC) and AbbVie (ABBV).

Who are Newmark Group's key executives?

Newmark Group's management team includes the following people:
  • Mr. Barry M. Gosin, Chief Exec. Officer (Age 68)
  • Mr. Michael J. Rispoli, Chief Financial Officer (Age 47)
  • Mr. James D. Kuhn, Pres
  • Mr. Raj Bhatti, Chief Information Officer
  • Ms. Alison Lewis, Chief Admin. Officer

When did Newmark Group IPO?

(NMRK) raised $615 million in an 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) served 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (5.77%), Principal Financial Group Inc. (2.80%), EJF Capital LLC (1.74%), State Street Corp (1.68%), Geode Capital Management LLC (1.50%) and Grantham Mayo Van Otterloo & Co. LLC (1.33%). Company insiders that own Newmark Group stock include Barry M Gosin and Virginia S Bauer. View institutional ownership trends for Newmark Group.

Which institutional investors are selling Newmark Group stock?

NMRK stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Bank of New York Mellon Corp, Morgan Stanley, Raymond James & Associates, Two Sigma Investments LP, Nuveen Asset Management LLC, CNH Partners LLC, and First Trust Advisors LP. View insider buying and selling activity for Newmark Group.

Which institutional investors are buying Newmark Group stock?

NMRK stock was acquired by a variety of institutional investors in the last quarter, including Copeland Capital Management LLC, Deutsche Bank AG, Granahan Investment Management Inc. MA, Grantham Mayo Van Otterloo & Co. LLC, EJF Capital LLC, APG Asset Management N.V., APG Asset Management N.V., and Mackay Shields LLC. Company insiders that have bought Newmark Group stock in the last two years include Barry M Gosin, and Virginia S Bauer. View insider buying and selling activity for Newmark Group.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Newmark Group's stock price today?

One share of NMRK stock can currently be purchased for approximately $4.23.

How big of a company is Newmark Group?

Newmark Group has a market capitalization of $753.89 million and generates $2.22 billion in revenue each year. The company earns $117.31 million in net income (profit) each year or $1.62 on an earnings per share basis. Newmark Group employs 5,600 workers across the globe.

What is Newmark Group's official website?

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

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 6/2/2020 by MarketBeat.com Staff

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