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NASDAQ:NMRK

Newmark Group Stock Forecast, Price & News

$5.01
+0.02 (+0.40 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$4.90
Now: $5.01
$5.11
50-Day Range
$4.08
MA: $4.59
$5.20
52-Week Range
$2.49
Now: $5.01
$13.85
Volume560,173 shs
Average Volume1.42 million shs
Market Capitalization$898.07 million
P/E Ratio11.93
Dividend Yield0.80%
Beta1.58
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: 2.0Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 4.4 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.23 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
Employees5,600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.22 billion
Cash Flow$3.36 per share
Book Value$5.30 per share

Profitability

Net Income$117.31 million

Miscellaneous

Market Cap$898.07 million
Next Earnings Date11/5/2020 (Confirmed)
OptionableOptionable
$5.01
+0.02 (+0.40 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Newmark Group (NASDAQ:NMRK) Frequently Asked Questions

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

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 shares have decreased by 28.5% and is now trading at $5.01.
View which stocks have been most impacted by COVID-19
.

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, November 5th 2020.
View our earnings forecast for Newmark Group
.

How can I listen to Newmark Group's earnings call?

Newmark Group will be holding an earnings conference call on Thursday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Newmark Group's earnings last quarter?

Newmark Group Inc (NASDAQ:NMRK) issued its earnings results on Thursday, August, 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.21 by $0.11. The company had revenue of $383.72 million for the quarter, compared to analyst estimates of $382.17 million. Newmark Group had a return on equity of 37.00% and a net margin of 3.98%.
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, August 7th. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.01 per share on Monday, September 14th. This represents a $0.04 annualized dividend and a yield of 0.80%. The ex-dividend date is Tuesday, August 25th.
View Newmark Group's dividend history
.

What price target have analysts set for NMRK?

5 analysts have issued 12-month price objectives for Newmark Group's shares. Their forecasts range from $4.00 to $10.00. On average, they anticipate Newmark Group's share price to reach $5.90 in the next twelve months. This suggests a possible upside of 17.8% from the stock's current price.
View analysts' price targets for Newmark Group
.

Are investors shorting Newmark Group?

Newmark Group saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,770,000 shares, an increase of 28.3% from the September 15th total of 1,380,000 shares. Based on an average daily trading volume, of 1,100,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.2% of the company's stock are short sold.
View Newmark Group's Short Interest
.

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), 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).

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 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) acted 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 institutional and retail investors. Top institutional shareholders include Nisa Investment Advisors LLC (0.07%), Envestnet Asset Management Inc. (0.05%), Aptus Capital Advisors LLC (0.03%) and Raymond James Trust N.A. (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 Raymond James Trust N.A..
View insider buying and selling activity for Newmark Group
.

Which institutional investors are buying Newmark Group stock?

NMRK stock was purchased by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Aptus Capital Advisors LLC, and Envestnet Asset Management Inc.. 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 $5.01.

How big of a company is Newmark Group?

Newmark Group has a market capitalization of $898.07 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 10/24/2020 by MarketBeat.com Staff

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