Newmark Group, Inc. (NMRK) Stock Price & How to Invest

Newmark Group is a global commercial real estate advisor and service provider that works with institutional investors, corporations, and owners and occupiers across the full property life cycle. Its business spans capital markets (investment sales and mortgage brokerage), leasing (landlord and tenant representation), and a growing base of recurring management services including property management, valuation and advisory, loan servicing, and GSE/FHA multifamily financing. The firm has around 10,000 employees and completed over $1.7 trillion in transaction volume across two recent years, positioning it as a significant challenger just below the industry's Big Four.

The investment picture centers on cyclicality and momentum. After a multi-year slump in commercial real estate driven by elevated interest rates, Newmark reported record Q1 2026 revenue of ~$846.5 million (up ~27% year over year) and followed with Q2 2026 revenue of ~$888 million, up about 17%, with adjusted EPS of $0.39 against a $0.38 consensus. Trailing twelve-month revenue reached ~$3.6 billion, and management lifted its dividend for the first time since 2022. The share price has gone the other way: about $12 on October 16, 2026, down roughly 29.5% year to date and 33.5% over twelve months, near the bottom of its $11.38-$19.83 52-week range. The counterweight to the growth is that leasing and capital markets commissions are highly cyclical, GAAP profit is thin (net income ~$148 million on $3.6 billion of revenue), and the company carries ~$2.3 billion of debt against ~$260 million of cash, so results remain tied to the broader rate and transaction environment. Third-quarter results are due before the open on October 29, 2026, with consensus at about $0.47 of EPS on ~$955 million of revenue.

Newmark's core leasing and capital markets fees are highly cyclical and tied directly to interest rates, transaction volumes, and broader economic confidence. A renewed rise in rates or a stall in commercial real estate activity would quickly pressure the segments driving recent growth. The company also carries meaningful leverage (about $2.27 billion of debt against roughly $260 million of cash, a debt-to-equity ratio near 130%), which amplifies downside in a downturn. GAAP earnings are much thinner than the adjusted figures: Q2 2026 net income was about $20 million on $888 million of revenue, and Yahoo shows trailing earnings growth of about -5%. Exposure to weaker property sectors such as older office assets remains a structural overhang. Finally, the stock has fallen about 24% over three months and 14% in the past month going into the October 29 report, so the market is already pricing in doubt about how durable the recovery is; a miss against the ~$0.47 EPS consensus would land on a nervous tape.

6 analysts publish price targets on NMRK, averaging $18.67 against a $11.86 price as of October 2026, or +57.4%. The published targets run from $14.00 to $22.00, a moderate spread, and the ratings split 6 buy, 1 hold, 0 sell. Over the last six months there have been 3 raises and 2 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full NMRK forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Newmark Group, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Capital markets recovery. Capital markets revenue jumped roughly 45% year over year in Q1 2026 as investment sales and mortgage brokerage activity thawed, and total revenue was still growing about 17% in Q2. The most optimistic published target, $22.00, assumes this works close to its best case.

The case against. Newmark's core leasing and capital markets fees are highly cyclical and tied directly to interest rates, transaction volumes, and broader economic confidence. The most pessimistic target, $14.00, is roughly what NMRK is worth if this bites instead.

Read the full bull and bear case on NMRK, including what would have to change to break either one. Walnut is not an investment adviser.

No. Newmark Group, Inc. (NMRK) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Newmark Group, Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$3.6B (+17% YoY latest quarter)
• Q2 2026 revenue / adj. EPS: ~$888M / $0.39 (vs $0.38 est.)
• Net income (TTM): ~$148M (~4% net margin)
• P/E (trailing / forward): ~15x / ~5.5x
• FY2026 consensus: ~$3.82B revenue, ~$1.94 adj. EPS
• Market cap: ~$2.9B
• Dividend yield: ~2.0% ($0.06 quarterly)

At about $12 a share, Newmark trades near the low end of its 52-week range with a market cap near $2.9 billion, roughly 5.5x forward adjusted earnings and about 0.8x sales. The gap between the ~15x trailing GAAP multiple and the forward figure comes from how much of the profit sits in adjusted, transaction-linked earnings, and the low forward multiple shows the market discounting how long the capital markets rebound lasts. Third-quarter results on October 29, 2026 (consensus ~$0.47 EPS, ~$955 million revenue) are the next test.

Other names that sit close to NMRK: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get NMRK exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so NMRK sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where NMRK fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

NMRK is a smaller, faster-growing challenger in commercial real estate services whose fortunes swing hard with capital markets and interest rate cycles. In 2026 its revenue kept growing while the stock fell about 30%, leaving it on roughly 5.5x forward earnings ahead of third-quarter results on October 29.

Whether NMRK is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is NMRK a buy or a sell?, and where the stock could go from here in the NMRK stock forecast.

For income investors, whether NMRK pays a dividend and how the payout looks is covered in does NMRK pay a dividend? And to weigh NMRK against a peer, read the full side-by-side comparisons: NMRK vs CBRE and NMRK vs JLL.