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NASDAQ:NMRK - Newmark Group Stock Price, Forecast & News

$5.13
-0.25 (-4.65 %)
(As of 03/29/2020 05:56 AM ET)
Today's Range
$4.80
Now: $5.13
$5.34
50-Day Range
$2.50
MA: $8.84
$12.26
52-Week Range
$2.49
Now: $5.13
$13.85
Volume957,453 shs
Average Volume2.06 million shs
Market Capitalization$910.06 million
P/E Ratio8.70
Dividend Yield7.43%
Beta1.56
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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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$3.21 per share
Book Value$5.30 per share

Profitability

Net Income$117.31 million

Miscellaneous

Employees5,600
Market Cap$910.06 million
Next Earnings Date5/14/2020 (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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NMRK stock has decreased by 26.8% and is now trading at $5.13. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Newmark Group?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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, May 14th 2020. View our earnings forecast for Newmark Group.

How were Newmark Group's earnings last quarter?

Newmark Group Inc (NASDAQ:NMRK) released its earnings results on Thursday, February, 13th. The company reported $0.52 EPS for the quarter, missing the Zacks' consensus estimate of $0.55 by $0.03. The company earned $632.40 million during the quarter, compared to analyst estimates of $665.84 million. Newmark Group had a return on equity of 43.65% and a net margin of 5.14%. Newmark Group's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. 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, February 14th. Investors of record on Thursday, March 5th will be given a dividend of $0.10 per share on Monday, March 23rd. This represents a $0.40 annualized dividend and a dividend yield of 7.80%. The ex-dividend date of this dividend is Wednesday, March 4th. View Newmark Group's dividend history.

What guidance has Newmark Group issued on next quarter's earnings?

Newmark Group issued an update on its FY20 earnings guidance on Thursday, February, 13th. The company provided EPS guidance of $1.70-1.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.76. The company issued revenue guidance of $2.4-2.5 billion, compared to the consensus revenue estimate of $2.38 billion.

What price target have analysts set for NMRK?

4 brokers have issued 1 year target prices for Newmark Group's shares. Their forecasts range from $12.35 to $15.00. On average, they anticipate Newmark Group's stock price to reach $13.46 in the next year. This suggests a possible upside of 162.4% from the stock's current price. View analysts' price targets for Newmark Group.

Has Newmark Group been receiving favorable news coverage?

News coverage about NMRK stock has trended somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Newmark Group earned a coverage optimism score of 1.2 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutNewmark Group.

Are investors shorting Newmark Group?

Newmark Group saw a increase in short interest in March. As of March 13th, there was short interest totaling 4,827,000 shares, an increase of 9.7% from the February 27th total of 4,400,000 shares. Based on an average daily trading volume, of 1,145,600 shares, the short-interest ratio is presently 4.2 days. Currently, 3.3% of the company's shares are sold short. 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), Alibaba Group (BABA), Altria Group (MO), Verizon Communications (VZ), Cisco Systems (CSCO), AT&T (T), Intel (INTC), Energy Transfer LP Unit (ET), 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 many different institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (5.07%), Bank of New York Mellon Corp (2.09%), Prudential Financial Inc. (1.73%), State Street Corp (1.70%), Geode Capital Management LLC (1.57%) and EJF Capital LLC (1.42%). 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 EJF Capital LLC, CNH Partners LLC, Alberta Investment Management Corp, AlphaCrest Capital Management LLC, Sei Investments Co., Motley Fool Asset Management LLC, Bowling Portfolio Management LLC, and Boston Partners. View insider buying and selling activity 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 Norges Bank, Goldman Sachs Group Inc., Renaissance Technologies LLC, Geode Capital Management LLC, Man Group plc, Panagora Asset Management Inc., Bank of New York Mellon Corp, and First Trust Advisors LP. 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 $5.13.

How big of a company is Newmark Group?

Newmark Group has a market capitalization of $910.06 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. View additional information about Newmark Group.

What is Newmark Group's official website?

The official website for Newmark Group is http://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.


MarketBeat Community Rating for Newmark Group (NASDAQ NMRK)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  322 (Vote Outperform)
Underperform Votes:  437 (Vote Underperform)
Total Votes:  759
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.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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