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

1 Wall Street 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 analysts is that investors should "sell" MMI shares.
View MMI analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued twelve-month price targets for Marcus & Millichap's stock. Their MMI share price forecasts range from $20.00 to $20.00. On average, they anticipate the company's share price to reach $20.00 in the next twelve months. This suggests that the stock has a possible downside of 44.0%.
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 start of the year. Since then, MMI shares have increased by 3.6% and is now trading at $35.70.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our MMI earnings forecast.

Marcus & Millichap, Inc. (NYSE:MMI) announced its quarterly earnings results on Friday, August, 4th. The real estate investment trust reported ($0.23) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.23). The real estate investment trust earned $162.87 million during the quarter. Marcus & Millichap had a trailing twelve-month return on equity of 2.11% and a net margin of 1.63%. During the same quarter in the prior year, the company posted $1.04 earnings per share.

Marcus & Millichap announced a Semi-Annual dividend on Wednesday, August 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.25 per share on Friday, October 6th. This represents a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for MMI.

ETFs with the largest weight of Marcus & Millichap (NYSE:MMI) stock in their portfolio include Harbor ETF Trust - Harbor Small Cap Explorer ETF (QWST) and First Trust SMID Cap Rising Dividend Archievers ETF (SDVY).Future Fund Long/Short ETF (FFLS).

Marcus & Millichap (NYSE:MMI) pays an annual dividend of $0.50 per share and currently has a dividend yield of 1.40%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 142.86%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for MMI.

Marcus & Millichap declared that its Board of Directors has approved a share buyback program on Thursday, May 4th 2023, which authorizes the company to repurchase $70,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.78%), Royce & Associates LP (5.46%), Dimensional Fund Advisors LP (4.98%), Reinhart Partners LLC. (3.30%), Schroder Investment Management Group (2.89%) and Tributary Capital Management LLC (1.55%). 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.
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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 $35.70.

Marcus & Millichap (NYSE:MMI) has a market capitalization of $1.37 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 $0.35 on an earnings per share basis.

The company employs 887 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.