Newmark Group (NMRK) Stock Price, News & Analysis

Company Overview

Newmark Group, Inc. provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners. It also provides tenant representation leasing; and global corporate services consisting of workplace and occupancy strategy, energy and sustainability services, technology, project management, real estate and lease administration, and facilities management. The company offers its services to commercial real estate tenants, investors, owners, occupiers, and developers; lenders; small and medium size businesses; and multi-national corporations. The company was formerly known as Newmark Grubb Knight Frank Capital Group and changed its name to Newmark Group, Inc. in October 2017. Newmark Group, Inc. was founded in 1929 and is based in New York, New York. Newmark Group, Inc.operates is a subsidiary of Cantor Fitzgerald, L.P.

Key Stats

• Today's Range: $14.48 to $15.14
• 50-Day Range: $14.26 to $15.98
• 52-Week Range: $7.71 to $16.10
• Volume: 1.40 million shs
• Average Volume: 1.16 million shs
• Market Capitalization: $2.52 billion
• P/E Ratio: 49.13
• Dividend Yield: 0.81%
• Price Target: $16.17
• Consensus Rating: Buy

Newmark Group Stock Analysis - MarketRank™

Newmark Group scored higher than 71% of companies evaluated by MarketBeat, and ranked 449th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Newmark Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Newmark Group has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 20.00%

Earnings Growth

Earnings for Newmark Group are expected to grow by 20.00% in the coming year, from $1.15 to $1.38 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Newmark Group is 49.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Newmark Group is 49.13, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Book Value per Share Ratio

Newmark Group has a P/B Ratio of 1.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.19% of the float of Newmark Group has been sold short.

Short Interest Ratio / Days to Cover

Newmark Group has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Newmark Group has recently decreased by 10.27%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Newmark Group has a dividend yield of 0.79%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Newmark Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Newmark Group is 40.00%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Newmark Group will have a dividend payout ratio of 8.70% next year. This indicates that Newmark Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.19% of the float of Newmark Group has been sold short.

Short Interest Ratio / Days to Cover

Newmark Group has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Newmark Group has recently decreased by 10.27%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.50

News Sentiment

Newmark Group has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Newmark Group this week, compared to 4 articles on an average week.

Search Interest

5 people have searched for NMRK on MarketBeat in the last 30 days.

MarketBeat Follows

Only 1 people have added Newmark Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Newmark Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

32.40% of the stock of Newmark Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

58.42% of the stock of Newmark Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NMRK Stock Analysis - Frequently Asked Questions

How have NMRK shares performed this year?

Newmark Group's stock was trading at $10.96 at the beginning of the year. Since then, NMRK stock has increased by 34.5% and is now trading at $14.74.
View the best growth stocks for 2024 here.

How were Newmark Group's earnings last quarter?

Newmark Group, Inc. (NASDAQ:NMRK) announced its quarterly earnings data on Tuesday, November, 5th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The company's quarterly revenue was up 11.3% on a year-over-year basis.

When did Newmark Group IPO?

Newmark Group (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.

Who are Newmark Group's major shareholders?

Top institutional investors of Newmark Group include FMR LLC (2.30%), Geode Capital Management LLC (2.07%), State Street Corp (1.99%) and Charles Schwab Investment Management Inc. (1.25%).
View institutional ownership trends.

How do I buy shares of Newmark Group?

Shares of NMRK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Newmark Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Newmark Group investors own include Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), American Water Works (AWK), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Ex-Dividend for 9/3 Dividend: 8/16/2024
• Dividend Payable: 9/03/2024
• Last Earnings: 11/05/2024
• Today: 11/21/2024
• Ex-Dividend for 12/5 Dividend: 11/21/2024
• Dividend Payable: 12/05/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate agents & managers
• Sub-Industry: Real Estate
• Current Symbol: NASDAQ:NMRK
• CUSIP: N/A
• CIK: 1690680
• Web: www.ngkf.com
• Phone: (212) 372-2000
• Fax: N/A
• Employees: 7,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.17
• High Stock Price Target: $17.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +9.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.30
• Trailing P/E Ratio: 49.13
• Forward P/E Ratio: 12.82
• P/E Growth: N/A
• Net Income: $42.58 million
• Net Margins: 2.00%
• Pretax Margin: 4.52%
• Return on Equity: 18.95%
• Return on Assets: 6.23%

Debt

• Debt-to-Equity Ratio: 0.52
• Current Ratio: 0.42
• Quick Ratio: 0.42

Sales & Book Value

• Annual Sales: $2.47 billion
• Price / Sales: 1.02
• Cash Flow: $2.90 per share
• Price / Cash Flow: 5.08
• Book Value: $9.08 per share
• Price / Book: 1.62

Miscellaneous

• Outstanding Shares: 171,070,000
• Free Float: 115,647,000
• Market Cap: $2.52 billion
• Optionable: Optionable
• Beta: 2.01