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
Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:NMRK
CUSIPN/A
Phone212-372-2000
Debt
Debt-to-Equity Ratio1.14
Current Ratio0.34
Quick Ratio0.34
Price-To-Earnings
Trailing P/E Ratio13.49
Forward P/E Ratio10.34
P/E Growth0.66
Sales & Book Value
Annual Sales$1.60 billion
Price / Sales1.50
Cash Flow$2.4541 per share
Price / Cash6.32
Book Value$1.44 per share
Price / Book10.77
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
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 announced a special dividend on Friday, May 4th. Shareholders of record on Monday, May 21st will be paid a dividend of $0.09 per share on Tuesday, June 5th. The ex-dividend date of this dividend is Friday, May 18th. View Newmark Group's Dividend History.
How were Newmark Group's earnings last quarter?
Newmark Group Inc (NASDAQ:NMRK) released its quarterly earnings results on Thursday, May, 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.01. The firm earned $430.46 million during the quarter, compared to analyst estimates of $387.75 million. View Newmark Group's Earnings History.
What price target have analysts set for NMRK?
6 equities research analysts have issued 12-month price objectives for Newmark Group's stock. Their forecasts range from $17.00 to $24.00. On average, they expect Newmark Group's stock price to reach $20.0833 in the next twelve months. View Analyst Ratings for Newmark Group.
Are investors shorting Newmark Group?
Newmark Group saw a drop in short interest in May. As of May 15th, there was short interest totalling 513,125 shares, a drop of 33.0% from the April 30th total of 766,001 shares. Based on an average trading volume of 382,952 shares, the short-interest ratio is currently 1.3 days. Approximately 2.2% of the company's stock are short sold. View Newmark Group's Current Options Chain.
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. James R. Ficarro, Chief Operating Officer (Age 58)
- Mr. Michael J. Rispoli, Chief Financial Officer (Age 46)
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) served as the underwriters for the IPO and Sandler O’Neill + Partners, Raymond James, Regions Securities, CastleOak Securities and Wedbush Securities were co-managers.
When did Newmark Group's lock-up period expire?
Newmark Group's lock-up period expired on Wednesday, June 13th. Newmark Group had issued 20,000,000 shares in its IPO on December 15th. The total size of the offering was $280,000,000 based on an initial share price of $14.00. Shares of the company owned by company insiders and major shareholders are now eligible to be traded as a result of the expiration of the lock-up period.
Has Newmark Group been receiving favorable news coverage?
Media coverage about NMRK stock has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Newmark Group earned a news impact score of 0.14 on Accern's scale. They also gave press coverage about the company an impact score of 46.91 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are Newmark Group's major shareholders?
Newmark Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (1.90%), Gratia Capital LLC (1.01%), Cardinal Capital Management LLC CT (0.58%), The Manufacturers Life Insurance Company (0.52%), Systematic Financial Management LP (0.50%) and Jacobs Asset Management LLC (0.47%). 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 Point72 Asset Management L.P., Cardinal Capital Management LLC CT and The Manufacturers Life Insurance Company . View Insider Buying and Selling 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 BlackRock Inc., Systematic Financial Management LP, Jacobs Asset Management LLC, Millennium Management LLC, Northern Trust Corp, Schwab Charles Investment Management Inc., Uniplan Investment Counsel Inc. and River Road Asset Management LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Newmark Group's stock price today?
One share of NMRK stock can currently be purchased for approximately $15.51.
How big of a company is Newmark Group?
Newmark Group has a market capitalization of $2.29 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 (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.
