Marcus & Millichap (MMI) Stock Price, News & Analysis

Company Overview

Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets. It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, and preferred equity, as well as loan sales and consultative/due diligence services to commercial real estate owners, developers, investors, and capital providers. In addition, the company provides research, advisory, and consulting services, which include opinions of value, operating and financial performance benchmarking analysis, specific asset buy-sell strategies, market and submarket analysis and ranking, portfolio strategies by property type, market strategy, development and redevelopment feasibility studies, and other services for developers, lenders, owners, real estate investment trusts, high-net-worth individuals, pension fund advisors, and other institutions. Marcus & Millichap, Inc. was founded in 1971 and is headquartered in Calabasas, California.

Key Stats

• Today's Range: $39.77 to $40.55
• 50-Day Range: $35.49 to $42.17
• 52-Week Range: $29.93 to $44.24
• Volume: 40,967 shs
• Average Volume: 89,144 shs
• Market Capitalization: $1.56 billion
• P/E Ratio: N/A
• Dividend Yield: 1.25%
• Price Target: $30.00
• Consensus Rating: Sell

Marcus & Millichap Stock Analysis - MarketRank™

Marcus & Millichap scored higher than 15% of companies evaluated by MarketBeat, and ranked 898th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.5 / 5
• Analyst Rating: Sell

Consensus Rating

Marcus & Millichap has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Marcus & Millichap has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Marcus & Millichap is -49.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Marcus & Millichap is -49.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Marcus & Millichap has a P/B Ratio of 2.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.07% of the float of Marcus & Millichap has been sold short.

Short Interest Ratio / Days to Cover

Marcus & Millichap has a short interest ratio ("days to cover") of 6.

Change versus previous month

Short interest in Marcus & Millichap has recently decreased by 5.63%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Marcus & Millichap pays a meaningful dividend of 1.22%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Marcus & Millichap does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.07% of the float of Marcus & Millichap has been sold short.

Short Interest Ratio / Days to Cover

Marcus & Millichap has a short interest ratio ("days to cover") of 6.

Change versus previous month

Short interest in Marcus & Millichap has recently decreased by 5.63%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Marcus & Millichap this week, compared to 3 articles on an average week.

Search Interest

Only 1 people have searched for MMI on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

30 people have added Marcus & Millichap to their MarketBeat watchlist in the last 30 days. This is an increase of 131% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Marcus & Millichap insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $603,521.00 in company stock.

Percentage Held by Insiders

39.20% of the stock of Marcus & Millichap is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

62.78% of the stock of Marcus & Millichap is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MMI Stock Analysis - Frequently Asked Questions

How have MMI shares performed this year?

Marcus & Millichap's stock was trading at $43.68 at the beginning of 2024. Since then, MMI shares have decreased by 8.1% and is now trading at $40.13.
View the best growth stocks for 2024 here.

How were Marcus & Millichap's earnings last quarter?

Marcus & Millichap, Inc. (NYSE:MMI) posted its quarterly earnings data on Wednesday, August, 7th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01. The real estate investment trust earned $158.37 million during the quarter. Marcus & Millichap had a negative net margin of 5.01% and a negative trailing twelve-month return on equity of 4.95%.

How will Marcus & Millichap's stock buyback program work?

Marcus & Millichap's board approved a share repurchase plan on Thursday, May 4th 2023, which allows the company to buy back $70,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 6.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are undervalued.

Does Marcus & Millichap have any subsidiaries?

The following companies are subsidiaries of Marcus & Millichap: LMI, Pinnacle Financial Group, Marcus & Millichap Capital Corporation, Marcus & Millichap Capital Corporation Canada Inc., Marcus & Millichap Chicago Multifamily Brokers LLC, Marcus & Millichap Real Estate Investment Services Inc., Marcus & Millichap REIS Canada Inc., and more.

Who are Marcus & Millichap's major shareholders?

Marcus & Millichap's top institutional shareholders include Royce & Associates LP (5.95%), Reinhart Partners LLC. (4.75%), State Street Corp (2.35%) and Tributary Capital Management LLC (1.69%). Insiders that own company stock include Hessam Nadji, Norma J Lawrence, John David Parker, Don C Watters, Richard D Matricaria and Gregory A Laberge.
View institutional ownership trends.

How do I buy shares of Marcus & Millichap?

Shares of MMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Marcus & Millichap own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Marcus & Millichap investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), Humana (HUM), iShares Micro-Cap ETF (IWC) and AUO (AUOTY).

Company Calendar

• Last Earnings: 8/07/2024
• Ex-Dividend for 10/4 Dividend: 9/16/2024
• Dividend Payable: 10/04/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate agents & managers
• Sub-Industry: Real Estate
• Current Symbol: NYSE:MMI
• CUSIP: N/A
• CIK: 1578732
• Web: www.marcusmillichap.com
• Phone: (818) 212-2250
• Fax: 818-212-2260
• Employees: 890
• Year Founded: 1971

Price Target and Rating

• Average Stock Price Target: $30.00
• High Stock Price Target: $30.00
• Low Stock Price Target: $30.00
• Potential Upside/Downside: -25.2%
• Consensus Rating: Sell
• Rating Score (0-4): 1.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.81)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-34,030,000.00
• Net Margins: -5.01%
• Pretax Margin: -5.82%
• Return on Equity: -4.95%
• Return on Assets: -3.70%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.15
• Quick Ratio: 3.15

Sales & Book Value

• Annual Sales: $645.93 million
• Price / Sales: 2.41
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $16.81 per share
• Price / Book: 2.39

Miscellaneous

• Outstanding Shares: 38,820,000
• Free Float: 23,337,000
• Market Cap: $1.56 billion
• Optionable: Optionable
• Beta: 1.14