Newmark Group - NMRK Stock Forecast, Price & News

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. As of December 31, 2021, it operated approximately 160 offices on four 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NMRK shares. Piper Sandler reduced their price objective on Newmark Group to $11.00 in a research report on Monday, July 4th. Raymond James cut their target price on Newmark Group from $21.00 to $18.00 and set an "outperform" rating for the company in a research report on Tuesday, April 26th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $16.00.

Newmark Group Price Performance

NASDAQ:NMRK opened at $11.23 on Tuesday. The stock has a market capitalization of $2.01 billion, a P/E ratio of 6.89 and a beta of 1.77. Newmark Group has a 1 year low of $8.66 and a 1 year high of $19.10. The business's fifty day moving average is $10.26 and its two-hundred day moving average is $12.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.52 and a current ratio of 0.52.

Newmark Group (NASDAQ:NMRK - Get Rating) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. The company had revenue of $755.40 million for the quarter, compared to analysts' expectations of $670.04 million. Newmark Group had a return on equity of 30.07% and a net margin of 10.19%. The firm's revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, research analysts forecast that Newmark Group will post 1.8 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 Wednesday, August 31st. Shareholders of record on Monday, August 15th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, August 12th. Newmark Group's dividend payout ratio (DPR) is currently 7.36%.

Insider Buying and Selling at Newmark Group

In other news, Chairman Howard W. Lutnick bought 277,000 shares of the business's stock in a transaction on Monday, May 23rd. The shares were bought at an average cost of $10.83 per share, with a total value of $2,999,910.00. Following the purchase, the chairman now directly owns 8,019,434 shares in the company, valued at $86,850,470.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Chairman Howard W. Lutnick purchased 277,000 shares of the company's stock in a transaction dated Monday, May 23rd. The shares were acquired at an average cost of $10.83 per share, with a total value of $2,999,910.00. Following the completion of the purchase, the chairman now owns 8,019,434 shares of the company's stock, valued at approximately $86,850,470.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Howard W. Lutnick purchased 329,000 shares of the company's stock in a transaction dated Tuesday, June 14th. The stock was bought at an average cost of $9.11 per share, for a total transaction of $2,997,190.00. Following the completion of the purchase, the chairman now directly owns 8,348,434 shares of the company's stock, valued at approximately $76,054,233.74. The disclosure for this purchase can be found here. Company insiders own 27.10% of the company's stock.