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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Marcus & Millichap in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" MMI shares.
View MMI analyst ratings or view top-rated stocks.

1 brokers have issued 1 year price objectives for Marcus & Millichap's shares. Their MMI share price forecasts range from $24.00 to $24.00. On average, they predict the company's share price to reach $24.00 in the next twelve months. This suggests that the stock has a possible downside of 17.2%.
View analysts price targets for MMI or view top-rated stocks among Wall Street analysts.

Marcus & Millichap's stock was trading at $34.45 at the beginning of 2023. Since then, MMI shares have decreased by 15.9% and is now trading at $28.97.
View the best growth stocks for 2023 here.

Marcus & Millichap saw a increase in short interest in March. As of March 31st, there was short interest totaling 970,300 shares, an increase of 25.0% from the March 15th total of 776,500 shares. Based on an average trading volume of 163,900 shares, the short-interest ratio is currently 5.9 days. Approximately 4.1% of the company's stock are short sold.
View Marcus & Millichap's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our MMI earnings forecast.

Marcus & Millichap, Inc. (NYSE:MMI) issued its quarterly earnings results on Friday, May, 5th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.38. The real estate investment trust earned $154.79 million during the quarter. Marcus & Millichap had a net margin of 5.77% and a trailing twelve-month return on equity of 9.25%. During the same quarter in the prior year, the business posted $0.81 earnings per share.

Marcus & Millichap declared a semi-annual dividend on Friday, February 10th. Shareholders of record on Tuesday, March 14th will be paid a dividend of $0.25 per share on Thursday, April 6th. This represents a yield of 1.4%. The ex-dividend date of this dividend is Monday, March 13th.
Read our dividend analysis for MMI.

ETFs with the largest weight of Marcus & Millichap (NYSE:MMI) stock in their portfolio include First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), First Trust Small Cap Value AlphaDEX Fund (FYT), Invesco S&P SmallCap Quality ETF (XSHQ), First Trust Active Factor Small Cap ETF (AFSM), Invesco S&P SmallCap Financials ETF (PSCF) and Royce Quant Small-Cap Quality Value ETF (SQLV).

Marcus & Millichap (NYSE:MMI) pays an annual dividend of $0.50 per share and currently has a dividend yield of 1.77%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.86%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MMI.

Marcus & Millichap declared that its Board of Directors has initiated a stock buyback program on Thursday, May 4th 2023, which permits the company to repurchase $70,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

173 employees have rated Marcus & Millichap Chief Executive Officer Hessam Nadji on Glassdoor.com. Hessam Nadji has an approval rating of 81% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marcus & Millichap investors own include CBRE Group (CBRE), Jones Lang LaSalle (JLL), HFF (HF), Bank of America (BAC), Chevron (CVX), Johnson & Johnson (JNJ), Wells Fargo & Company (WFC), ASML (ASML), Citizens Financial Group (CFG) and Cisco Systems (CSCO).

Marcus & Millichap trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMI."

Marcus & Millichap's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.51%), Royce & Associates LP (5.12%), Dimensional Fund Advisors LP (4.62%), Reinhart Partners Inc. (3.14%), State Street Corp (2.17%) and Tributary Capital Management LLC (1.43%). Insiders that own company stock include George M Marcus, George M Marcus, Gregory A Laberge, Hessam Nadji, John David Parker, Martin E Louie, Norma J Lawrence, Phoenix Investments Holdings L, Richard D Matricaria and Richard D Matricaria.
View institutional ownership trends.

Shares of MMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MMI stock can currently be purchased for approximately $28.97.

Marcus & Millichap (NYSE:MMI) has a market capitalization of $1.11 billion and generates $1.30 billion in revenue each year. The real estate investment trust earns $104.22 million in net income (profit) each year or $1.62 on an earnings per share basis.

The company employs 801 workers across the globe.

Marcus & Millichap's mailing address is 23975 PARK SORRENTO SUITE 400, CALABASAS CA, 91302. The official website for the company is www.marcusmillichap.com. The real estate investment trust can be reached via phone at (818) 212-2250, via email at evelyn.infurna@icrinc.com, or via fax at 818-212-2260.