Notable Stock to Watch: Newmark Group (NMRK)

 Newmark Group (NMRK) spotted trading -33.98% off 52-week high price. On the other end, the stock has been noted 21.65% away from the low price over the last 52-weeks. The stock changed -1.61% to recent value of $8.54. The stock transacted 489884 shares during most recent day however it has an average volume of 814.32K shares. The company has 176.23M of outstanding shares and 148.94M shares were floated in the market.  

Newmark Knight Frank (NKF) is pleased to announce that three industry-expert capital markets professionals, Evan Layne, Brett Siegel and Jean Celestin, have joined NKF as Vice Chairmen and Co-Heads of the New York Capital Markets Investment Sales division. The addition of Layne, Siegel and Celestin illustrates the continued excellence and upward trajectory of NKF’s full-service Capital Markets platform. From 2017 through the first half of 2019, NKF has climbed seven spots to its current ranking as fourth in overall investment sales transaction volume in the New York City metro area, based on Real Capital Analytics (“RCA”) data. Over that same time, its regional RCA market share in investment sales has quadrupled to 8 percent.

“NKF’s Capital Markets growth in New York City, and other major U.S. markets, has been and will continue to be remarkable. Over the past few years, we have built out a collaborative team of talented professionals with extensive insight into global capital markets under the banner of a fully integrated Capital Markets platform,” said Chief Executive Officer of Newmark Group, Inc. Barry M. Gosin. “The white space in the market provides us even more room to grow, and our goal is to be number one in Capital Markets in the United States.”

“New York City is crucial to our Capital Markets platform with over a third of the large institutional owners of U.S. real estate based in New York. With the City’s top Debt and Structured Finance practice under the same roof, the opportunities for collaboration are exponential,” stated President and Head of Investor Services at Newmark Knight Frank, James Kuhn, who oversees the alignment of NKF’s Capital Markets, landlord representation and specialty tenant representation groups.

Joining NKF from Eastdil Secured, Siegel, Layne and Celestin have more than 50 years in combined career experience and have successfully transacted more than $125 billion in combined investment sales throughout their careers. Recent notable landmark New York transactions include the more than $2 billion recapitalization of the 245 Park Avenue skyscraper, the $1.2 billion sale of Disney’s NYC headquarters and the $300 million sale of the Upper West Side Stonehenge Village Apartments.

About Newmark Knight Frank

Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 16,000 professionals operate from approximately 430 offices on six continents. NKF’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management.

 Its earnings per share (EPS) expected to touch remained -52.40% for this year while earning per share for the next 5-years is expected to reach at 6.90%. NMRK has a gross margin of 98.70% and an operating margin of 10.80% while its profit margin remained 5.30% for the last 12 months. 

 According to the most recent quarter its current ratio was 1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.51% from the mean of 20 days, -7.01% from mean of 50 days SMA and performed -4.92% from mean of 200 days price. Company’s performance for the week was 2.28%, -9.34% for month and YTD performance remained 6.48%.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

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