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

Company Overview

Marcus & Millichap (NYSE: MMI) is a leading provider of real estate brokerage services, specializing in the sale of commercial investment properties throughout the United States and Canada. Established in 1971 by George M. Marcus and William A. Millichap, the firm has built a reputation for its deep market expertise and disciplined, research-driven approach to property sales and advisory services. The company caters to a diverse clientele, ranging from institutional investors and private investors to developers and financial institutions.

The firm’s core services encompass property brokerage, mortgage brokerage, and investment research. Its brokerage teams are organized by property type—such as multifamily, retail, office, hospitality, self-storage, and industrial—and offer tailored sales strategies designed to maximize value for sellers and identify attractive acquisition opportunities for buyers. Through its mortgage banking division, the company arranges financing solutions, including debt placement, preferred equity and mezzanine financing, to support clients’ capital structuring needs.

Research and advisory services form a cornerstone of the company’s value proposition. Its in-house research group publishes regular market reports, trend analyses and forecasts that inform investment decisions and strategic planning. Leveraging proprietary databases and nationwide coverage, Marcus & Millichap provides clients with up-to-date insights on pricing, vacancy rates, rent growth and transaction activity across key metropolitan and secondary markets.

Headquartered in Calabasas, California, the company operates more than 80 offices across North America. Under the leadership of Chairman and CEO Hessam Nadji, Marcus & Millichap has navigated multiple economic cycles by emphasizing disciplined risk management and a scalable platform of local brokerage teams. This decentralized model empowers experienced professionals to deliver personalized service while benefiting from the firm’s centralized research, marketing and technology resources.

Key Stats

• Today's Range: $31.65 to $32.46
• 50-Day Range: $27.97 to $32.40
• 52-Week Range: $27.61 to $42.80
• Volume: 103,185 shs
• Average Volume: 109,630 shs
• Market Capitalization: $1.25 billion
• P/E Ratio: N/A
• Dividend Yield: 1.56%
• Price Target: $30.00
• Consensus Rating: Sell

Marcus & Millichap Stock Analysis - MarketRank™

Marcus & Millichap scored higher than 13% of companies evaluated by MarketBeat, and ranked 878th out of 906 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 -188.58, 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 -188.58, 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 1.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.09% 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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Marcus & Millichap has recently increased by 14.33%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Marcus & Millichap pays a meaningful dividend of 1.58%, 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

2.09% 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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Marcus & Millichap has recently increased by 14.33%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.2 / 5
• News Sentiment: N/A

News Sentiment

Marcus & Millichap has a news sentiment score of 0.13. 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 0.76 average news sentiment score of Finance companies.

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 $38.26 on January 1st, 2025. Since then, MMI stock has decreased by 16.2% and is now trading at $32.06.

How were Marcus & Millichap's earnings last quarter?

Marcus & Millichap, Inc. (NYSE:MMI) posted its quarterly earnings data on Wednesday, May, 7th. The real estate investment trust reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.05. The real estate investment trust earned $145.04 million during the quarter, compared to analyst estimates of $140.20 million. Marcus & Millichap had a negative net margin of 0.95% and a negative trailing twelve-month return on equity of 1.09%.
Read the conference call transcript.

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 investors include Reinhart Partners LLC. (5.68%) and Harbor Capital Advisors Inc. (0.48%). 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.

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 AU Optronics (AUOTY).

Company Calendar

• Last Earnings: 5/07/2025
• Today: 7/10/2025
• Next Earnings (Estimated): 8/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REAL ESTATE DEV
• Sub-Industry: Real Estate
• Current Symbol: NYSE:MMI
• CIK: 1578732
• Web: www.marcusmillichap.com
• Phone: (818) 212-2250
• Fax: 818-212-2260
• Employees: 890
• Year Founded: 1971

Price Target and Rating

• Average Price Target for Marcus & Millichap: $30.00
• High Price Target: $30.00
• Low Price Target: $30.00
• Potential Upside/Downside: -6.4%
• Consensus Rating: Sell
• Rating Score (0-4): 1.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.17)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$12.36 million
• Net Margins: -0.95%
• Pretax Margin: -1.72%
• Return on Equity: -1.09%
• Return on Assets: -0.82%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.77
• Quick Ratio: 3.77

Sales & Book Value

• Annual Sales: $696.06 million
• Price / Sales: 1.80
• Cash Flow: $0.11 per share
• Price / Cash Flow: 289.41
• Book Value: $16.25 per share
• Price / Book: 1.97

Miscellaneous

• Outstanding Shares: 38,980,000
• Free Float: 23,698,000
• Market Cap: $1.25 billion
• Optionable: Optionable
• Beta: 1.23