Off-Market Sale of $203 Million Portfolio Leads to Bullish Sentiment for Newmark (NMRK)

Group 1 - Newmark Group (NASDAQ:NMRK) is recognized as one of the top 10 real estate services stocks favored by hedge funds [1] - On January 8, an analyst from Keefe Bruyette raised the price target for Newmark Group from $21 to $22, indicating a potential upside of 36% from the current level [1] - On January 6, Newmark Group announced the divestment of its 1.4 million-square-foot micro-bay industrial portfolio for $203 million to the Silverman Group, which includes 50 buildings and 600 tenants across Maryland and Northern Virginia [3] Group 2 - Newmark Group operates in various functions within the commercial real estate sector, focusing on data analytics and technology to provide investment sales, commercial mortgage brokerage, valuation, advisory, property management, and due diligence services [4]