NYSE:MMIMarcus & Millichap Stock Price, Forecast & News

Marcus & Millichap's stock was trading at $27.23 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MMI stock has increased by 3.5% and is now trading at $28.18. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marcus & Millichap in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Marcus & Millichap.

Marcus & Millichap is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Marcus & Millichap.

Marcus & Millichap Inc (NYSE:MMI) released its earnings results on Thursday, May, 7th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.31 by $0.02. The real estate investment trust had revenue of $190.70 million for the quarter, compared to the consensus estimate of $167.80 million. Marcus & Millichap had a net margin of 8.89% and a return on equity of 15.44%. Marcus & Millichap's revenue was up 18.7% on a year-over-year basis. During the same period last year, the company posted $0.40 earnings per share. View Marcus & Millichap's earnings history.

2 brokerages have issued twelve-month target prices for Marcus & Millichap's shares. Their forecasts range from $28.00 to $28.00. On average, they anticipate Marcus & Millichap's share price to reach $28.00 in the next twelve months. This suggests that the stock has a possible downside of 0.6%. View analysts' price targets for Marcus & Millichap.

Headlines about MMI stock have been trending somewhat negative recently, according to InfoTrie. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Marcus & Millichap earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Marcus & Millichap.

Marcus & Millichap saw a increase in short interest in June. As of June 15th, there was short interest totaling 622,600 shares, an increase of 7.9% from the May 31st total of 577,200 shares. Based on an average daily trading volume, of 180,900 shares, the days-to-cover ratio is presently 3.4 days. Approximately 2.7% of the shares of the company are sold short. View Marcus & Millichap's Current Options Chain.

Some companies that are related to Marcus & Millichap include Redfin (RDFN), Marriott Vacations Worldwide (VAC), eXp World (EXPI), Realogy (RLGY), Newmark Group (NMRK), Re/Max (RMAX), Bluegreen Vacations (BXG), MDJM (MDJH) and Novation Companies (NOVC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marcus & Millichap investors own include Jones Lang LaSalle (JLL), CBRE Group (CBRE), HFF (HF), Newmark Group (NMRK), Cisco Systems (CSCO), Micron Technology (MU), Bank of America (BAC), Colliers International Group (CIGI), General Electric (GE) and Walker & Dunlop (WD).

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

Marcus & Millichap's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Reinhart Partners Inc. (1.79%). Company insiders that own Marcus & Millichap stock include George M Marcus, Hessam Nadji, Martin E Louie, Mitchell R Labar and Phoenix Investments Holdings L. View institutional ownership trends for Marcus & Millichap.

MMI stock was bought by a variety of institutional investors in the last quarter, including Reinhart Partners Inc.. View insider buying and selling activity for Marcus & Millichap.

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

One share of MMI stock can currently be purchased for approximately $28.18.

Marcus & Millichap has a market capitalization of $1.11 billion and generates $806.43 million in revenue each year. The real estate investment trust earns $76.93 million in net income (profit) each year or $1.95 on an earnings per share basis. Marcus & Millichap employs 831 workers across the globe.

The official website for Marcus & Millichap is www.marcusmillichap.com.

Marcus & Millichap's mailing address is 23975 PARK SORRENTO SUITE 400, CALABASAS CA, 91302. The real estate investment trust can be reached via phone at 818-212-2250 or via email at [email protected]