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 year. 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 equities research analysts have issued 1-year target prices for Marcus & Millichap's shares. Their MMI share price forecasts range from $24.00 to $24.00. On average, they expect the company's stock price to reach $24.00 in the next twelve months. This suggests that the stock has a possible downside of 21.9%.
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 the year. Since then, MMI shares have decreased by 10.8% and is now trading at $30.73.
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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) posted its quarterly earnings data on Friday, May, 5th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates 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 period in the prior year, the firm posted $0.81 EPS.

Marcus & Millichap announced a semi-annual dividend on Friday, February 10th. Investors 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 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), Distillate Small/Mid Cash Flow ETF (DSMC), Invesco S&P SmallCap Quality ETF (XSHQ), First Trust Active Factor Small Cap ETF (AFSM) and Invesco S&P SmallCap Financials ETF (PSCF).

Marcus & Millichap (NYSE:MMI) pays an annual dividend of $0.50 per share and currently has a dividend yield of 1.63%. 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 announced that its Board of Directors has initiated a share repurchase program on Thursday, May 4th 2023, which permits the company to repurchase $70,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its stock is 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.51%), Royce & Associates LP (5.21%), 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 $30.73.

Marcus & Millichap (NYSE:MMI) has a market capitalization of $1.18 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.