Newmark Group Inc (NASDAQ: NMRK) stock jumped 0.13% on Monday to $7.84 against a previous-day closing price of $7.83. With 0.86 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.97 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $7.90 whereas the lowest price it dropped to was $7.64. The 52-week range on NMRK shows that it touched its highest point at $9.36 and its lowest point at $5.07 during that stretch. It currently has a 1-year price target of $7.00. With its current market cap of 1.35 billion, NMRK has annualized dividend of $0.12 while the current yield stands at 1.53%. Beta for the stock currently stands at 1.86.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NMRK was up-trending over the past week, with a rise of 15.29%, but this was up by 48.48% over a month. Three-month performance surged to 17.89% while six-month performance rose 29.37%. The stock lost -3.57% in the past year, while it has lost -1.63% so far this year. A look at the trailing 12-month EPS for NMRK yields 0.09 with Next year EPS estimates of 1.02. For the next quarter, that number is 0.45. This implies an EPS growth rate of -30.70% for this year and -0.97% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -11.93%.
Float and Shares Shorts:
At present, 150.38 million NMRK shares are outstanding with a float of 139.64 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.58 million, which was 2.07% higher than short shares on Sep 28, 2023. In addition to Mr. Howard W. Lutnick as the firm’s Executive Chairman & PEO, Mr. Barry M. Gosin serves as its Chief Executive Officer.
Through their ownership of 63.70% of NMRK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 97.68% of NMRK, in contrast to 36.63% held by mutual funds. Shares owned by individuals account for 27.69%. As the largest shareholder in NMRK with 13.08% of the stake, The Vanguard Group, Inc. holds 19,936,645 shares worth 19,936,645. A second-largest stockholder of NMRK, BlackRock Fund Advisors, holds 8,415,190 shares, controlling over 5.52% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in NMRK, holding 5,649,550 shares or 3.71% stake. With a 3.94% stake in NMRK, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 6,001,893 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.62% of NMRK stock, is the second-largest Mutual Fund holder. It holds 3,990,142 shares valued at 22.62 million. Vanguard Small Cap Index Fund holds 2.33% of the stake in NMRK, owning 3,549,398 shares worth 20.13 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NMRK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NMRK analysts setting a high price target of $7.00 and a low target of $7.00, the average target price over the next 12 months is $7.00. Based on these targets, NMRK could drop -10.71% to reach the target high and fall by -10.71% to reach the target low. Reaching the average price target will result in a decline of -10.71% from current levels.
Dividends & Yield:
In terms of dividends, NMRK has a current ratio of $0.12, which is $0.12 over the trailing 12-months, while a dividend of $0.18 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and NMRK currently yields $1.53. In the past year, NMRK’s dividend yield has been $1.53, but when looking at the stock over the past five years, its yield has been $2.51. Accordingly, NMRK has a current buyback yield of $3.39. This was $3.39 for the TTM, and it was $– for the past five years.
Summary of Insider Activity:
Insiders traded NMRK stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 7,296 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 189,024 while 490,174 shares were sold.