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: $37.31 to $38.67
• 50-Day Range: $36.84 to $42.22
• 52-Week Range: $29.93 to $44.24
• Volume: 507,826 shs
• Average Volume: 63,872 shs
• Market Capitalization: $1.47 billion
• P/E Ratio: N/A
• Dividend Yield: 1.32%
• Price Target: $30.00
• Consensus Rating: Sell

Marcus & Millichap Stock Analysis - MarketRank™

Marcus & Millichap scored higher than 8% of companies evaluated by MarketBeat, and ranked 928th out of 935 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 received no research coverage 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 -46.90, 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 -46.90, 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 2.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.01% 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 5.9.

Change versus previous month

Short interest in Marcus & Millichap has recently increased by 0.10%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Marcus & Millichap pays a meaningful dividend of 1.25%, 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

2.01% 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 5.9.

Change versus previous month

Short interest in Marcus & Millichap has recently increased by 0.10%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: N/A

News Sentiment

Marcus & Millichap has a news sentiment score of 0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

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

MarketBeat Follows

31 people have added Marcus & Millichap to their MarketBeat watchlist in the last 30 days. This is an increase of 3% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Marcus & Millichap insiders have not sold or bought any 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 on January 1st, 2024. Since then, MMI shares have decreased by 13.0% and is now trading at $37.99.
View the best growth stocks for 2024 here.

How were Marcus & Millichap's earnings last quarter?

Marcus & Millichap, Inc. (NYSE:MMI) released its quarterly earnings data on Wednesday, August, 7th. The real estate investment trust reported ($0.14) 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 trailing twelve-month return on equity of 4.95% and a negative net margin of 5.01%.

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

Marcus & Millichap's Board of Directors authorized a stock buyback program on Thursday, May 4th 2023, which permits the company to buy back $70,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 6.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Does Marcus & Millichap have any subsidiaries?

Marcus & Millichap subsidiaries include 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 investors include Royce & Associates LP (5.95%), Reinhart Partners LLC. (4.75%), State Street Corp (2.35%) and Lord Abbett & CO. LLC (2.24%). 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: 12/21/2024
• Fiscal Year End: 12/31/2024

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: -21.0%
• 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: 2.28
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $16.81 per share
• Price / Book: 2.26

Miscellaneous

• Outstanding Shares: 38,820,000
• Free Float: 23,605,000
• Market Cap: $1.47 billion
• Optionable: Optionable
• Beta: 1.15