Newmark GroupNMRK
Market Cap: $2.38B
About: Newmark Group Inc is a commercial real estate advisory firm. It offers services, including leasing and corporate advisory services, investment sales, commercial mortgage brokerage, appraisal and valuation, project management, and property, among others. Newmark offers a diverse array of integrated services and products designed to meet the full needs of both real estate investors/owners and occupiers. The company provides real estate strategic consulting and systems integration services to CFI's clients including many Fortune and Forbes companies, owner-occupiers, government agencies, healthcare, and higher education clients.
Employees: 7,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
310% more call options, than puts
Call options by funds: $250K | Put options by funds: $61K
67% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 5 (+2) [Q2]
67% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 60
6% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 34
1% more funds holding
Funds holding: 229 [Q1] → 231 (+2) [Q2]
4.64% less ownership
Funds ownership: 70.07% [Q1] → 65.42% (-4.64%) [Q2]
14% less capital invested
Capital invested by funds: $1.18B [Q1] → $1.01B (-$164M) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Keefe, Bruyette & Woods Jade Rahmani 70% 1-year accuracy 19 / 27 met price target | 18%upside $16.50 | Outperform Upgraded | 5 Sept 2024 |
Piper Sandler Alexander Goldfarb 63% 1-year accuracy 34 / 54 met price target | 21%upside $17 | Overweight Maintained | 3 Sept 2024 |
Wolfe Research Andrew Rosivach 77% 1-year accuracy 10 / 13 met price target | 7%upside $15 | Outperform Upgraded | 16 Aug 2024 |
Keefe, Bruyette & Woods Jade Rahmani 70% 1-year accuracy 19 / 27 met price target | 4%downside $13.50 | Market Perform Maintained | 8 Aug 2024 |
Keefe, Bruyette & Woods Jade Rahmani 70% 1-year accuracy 19 / 27 met price target | 7%downside $13 | Market Perform Maintained | 25 Jul 2024 |
Financial journalist opinion
Based on 5 articles about NMRK published over the past 30 days