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NASDAQ:NMRKNewmark Group Stock Price, Forecast & News

$4.20
-0.26 (-5.83 %)
(As of 07/9/2020 04:00 PM ET)
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Today's Range
$4.16
Now: $4.20
$4.50
50-Day Range
$3.74
MA: $4.78
$6.58
52-Week Range
$2.49
Now: $4.20
$13.85
Volume1.06 million shs
Average Volume1.28 million shs
Market Capitalization$748.57 million
P/E Ratio7.78
Dividend Yield0.90%
Beta1.74
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 2.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.50 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$3.16 per share
Book Value$5.30 per share

Profitability

Net Income$117.31 million

Miscellaneous

Employees5,600
Market Cap$748.57 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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, NMRK stock has decreased by 40.1% and is now trading at $4.20. 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) issued its quarterly earnings data on Thursday, May, 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.14. The firm earned $483.93 million during the quarter, compared to analyst estimates of $484.27 million. Newmark Group had a net margin of 4.67% and a return on equity of 41.44%. View Newmark Group's earnings history.

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

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

What price target have analysts set for NMRK?

5 analysts have issued twelve-month price objectives for Newmark Group's stock. Their forecasts range from $4.00 to $14.00. On average, they expect Newmark Group's stock price to reach $7.97 in the next year. This suggests a possible upside of 89.8% from the stock's current price. View analysts' price targets for Newmark Group.

Has Newmark Group been receiving favorable news coverage?

Media stories about NMRK stock have trended neutral recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Newmark Group earned a media sentiment score of 0.5 on InfoTrie's scale. They also assigned news articles 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 several days. View the latest news about Newmark Group.

Are investors shorting Newmark Group?

Newmark Group saw a increase in short interest in June. As of June 30th, there was short interest totaling 1,900,000 shares, an increase of 41.8% from the June 15th total of 1,340,000 shares. Based on an average trading volume of 1,900,000 shares, the short-interest ratio is presently 1.0 days. Approximately 1.3% of the company's shares 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 a variety of institutional and retail investors. Top institutional investors include Diversified Trust Co (0.03%), Envestnet Asset Management Inc. (0.03%) and Canandaigua National Corp (0.01%). 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 Envestnet Asset Management Inc.. View insider buying and selling activity for Newmark Group.

Which institutional investors are buying Newmark Group stock?

NMRK stock was bought by a variety of institutional investors in the last quarter, including Diversified Trust Co, and Canandaigua National Corp. 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 $4.20.

How big of a company is Newmark Group?

Newmark Group has a market capitalization of $748.57 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 7/10/2020 by MarketBeat.com Staff

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