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 Berkeley Point and NKF Capital Markets names. 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 9, 2018, Newmark Group, Inc. operated approximately 400 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. Newmark Group, Inc. is a subsidiary of BGC Partners, Inc.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:NMRK
CUSIPN/A
Phone212-372-2000
Debt
Debt-to-Equity Ratio0.69
Current Ratio0.51
Quick Ratio0.51
Price-To-Earnings
Trailing P/E Ratio9.52
Forward P/E Ratio7.16
P/E Growth0.46
Sales & Book Value
Annual Sales$1.60 billion
Price / Sales1.06
Cash Flow$2.3248 per share
Price / Cash4.71
Book Value$1.44 per share
Price / Book7.60
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees4,800
Outstanding Shares154,760,000
Market Cap$1.71 billion
Newmark Group (NASDAQ:NMRK) Frequently Asked Questions
What is Newmark Group's stock symbol?
Newmark Group trades on the NASDAQ under the ticker symbol "NMRK."
How often does Newmark Group pay dividends? What is the dividend yield for Newmark Group?
Newmark Group declared a quarterly dividend on Friday, August 3rd. Investors of record on Monday, August 20th will be given a dividend of $0.09 per share on Wednesday, September 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, August 17th. View Newmark Group's Dividend History.
How were Newmark Group's earnings last quarter?
Newmark Group Inc (NASDAQ:NMRK) released its quarterly earnings data on Thursday, August, 2nd. The company reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.25. The business earned $466.62 million during the quarter, compared to analyst estimates of $472.50 million. View Newmark Group's Earnings History.
When is Newmark Group's next earnings date?
What price target have analysts set for NMRK?
6 equities research analysts have issued 1 year price objectives for Newmark Group's stock. Their forecasts range from $17.00 to $24.00. On average, they expect Newmark Group's share price to reach $20.0833 in the next year. This suggests a possible upside of 83.4% from the stock's current price. View Analyst Price Targets for Newmark Group.
What is the consensus analysts' recommendation for Newmark Group?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Newmark Group.
Who are some of Newmark Group's key competitors?
Who are Newmark Group's key executives?
Newmark Group's management team includes the folowing people:
- Mr. Barry M. Gosin, Chief Exec. Officer (Age 67)
- Mr. Michael J. Rispoli, Chief Financial Officer (Age 46)
- Mr. James R. Ficarro, Chief Operating Officer (Age 58)
- Mr. Charles E. Seufferlein, Pres of Western Region
- Stephen M. Merkel, Sec.
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) served as the underwriters for the IPO and Sandler O’Neill + Partners, Raymond James, Regions Securities, CastleOak Securities and Wedbush Securities were co-managers.
Has Newmark Group been receiving favorable news coverage?
Media headlines about NMRK stock have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Newmark Group earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned media coverage about the company an impact score of 46.57 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View Recent Headlines for Newmark Group.
Who are Newmark Group's major shareholders?
Newmark Group's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (1.99%), Systematic Financial Management LP (0.71%), River Road Asset Management LLC (0.43%), Northern Trust Corp (0.33%), Highland Capital Management LP (0.32%) and Millennium Management LLC (0.29%).
Which institutional investors are selling Newmark Group stock?
NMRK stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Russell Investments Group Ltd., Legal & General Group Plc, Emerald Mutual Fund Advisers Trust and LaSalle Street Capital Management LLC.
Which institutional investors are buying Newmark Group stock?
NMRK stock was bought by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, River Road Asset Management LLC, Point72 Asset Management L.P., Motley Fool Wealth Management LLC, Motley Fool Asset Management LLC, BlackRock Inc., Citadel Advisors LLC and Granahan Investment Management Inc. MA.
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, Scottrade, Fidelity and Charles Schwab.
What is Newmark Group's stock price today?
One share of NMRK stock can currently be purchased for approximately $10.95.
How big of a company is Newmark Group?
Newmark Group has a market capitalization of $1.71 billion and generates $1.60 billion in revenue each year. The company earns $144.49 million in net income (profit) each year or $1.15 on an earnings per share basis. Newmark Group employs 4,800 workers across the globe.
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.
MarketBeat Community Rating for Newmark Group (NASDAQ NMRK)
MarketBeat's community ratings are surveys of what our community members think about Newmark Group and other stocks. Vote "Outperform" if you believe NMRK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NMRK will underperform the S&P 500 over the long term. You may vote once every thirty days.
