Marcus & Millichap, Inc. (MMI)Real Estate | Real Estate Services | Calabasas, United States | NYSE
27.73 USD
+0.66
(2.438%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 27.71 -0.02 (-0.021%) ⇩ (April 17, 2026, 6:26 p.m. EDT) Short-term: ★★★★☆ | Long-term: ★★☆☆☆ | Dividends: ★★☆☆☆ |
Hot Take | April 19, 2026, 6:35 p.m. EDT
MMI presents a precarious dichotomy: operational earnings are finally recovering with Q4 margin expansion, but the balance sheet is a ticking time bomb with a payout ratio of 135% (burning cash to cover dividends) and an Enterprise/EBITDA multiple of -1080 due to losses. While the stock price action crosses back above the 50-day average, the analyst consensus (~$28 target, remaining essentially flat at current prices ~$27.73) and the unsustainable dividend suggest a speculative bounce at best. Unacceptable long-term cash burn warrants selling the yield for the downside risk. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.016926 |
| AutoARIMA | 0.016927 |
| AutoTheta | 0.016983 |
| MSTL | 0.017415 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 81% |
| H-stat | 0.36 |
| Ljung-Box p | 0.002 |
| Jarque-Bera p | 0.537 |
| Excess Kurtosis | -0.01 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-03-12 |
| Last Dividend Date | 2026-03-12 |
| Debt to Equity Ratio | 12.975 |
| Revenue per Share | 19.391 |
| Market Cap | 1,060,241,792 |
| Forward P/E | 26.16 |
| Beta | 1.32 |
| Profit Margins | -0.25% |
| Website | https://www.marcusmillichap.com |
As of April 19, 2026, 6:35 p.m. EDT: Options flow shows extremely low volume and open interest (IV ~6-13% for calls, ~115% isolation at ATM for puts). May 2026 calls have significant OI at $35 strikes (bullish expectation), while Aug 2026 puts show deep OTM positioning at $20-$25 strikes. The market data appears thin/stale with minimal actual trading volume, indicating a lack of active sentiment but speculative positioning leaning slightly bullish for near-term upside while hedging against deeper declines.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.98% | 1.77% | 1.57% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-03-13 | 0.25 | 0.983478 |
| 2025-09-15 | 0.25 | 0.784391 |
| 2025-03-12 | 0.25 | 0.727844 |
| 2024-09-16 | 0.25 | 0.635139 |
| 2024-03-11 | 0.25 | 0.756964 |
| 2023-09-14 | 0.25 | 0.820798 |
| 2023-03-13 | 0.25 | 0.840426 |
| 2022-09-14 | 0.25 | 0.703961 |
| 2022-03-07 | 1.25 | 2.926806 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.09526914 |
| Address1 | 23,975 Park Sorrento |
| Address2 | Suite 400 |
| All Time High | 58.33 |
| All Time Low | 13.09 |
| Ask | 28.0 |
| Ask Size | 400 |
| Audit Risk | 1 |
| Average Daily Volume10 Day | 159,120 |
| Average Daily Volume3 Month | 272,965 |
| Average Volume | 272,965 |
| Average Volume10Days | 159,120 |
| Beta | 1.321 |
| Bid | 26.35 |
| Bid Size | 100 |
| Board Risk | 5 |
| Book Value | 15.702 |
| City | Calabasas |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 4 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 27.73 |
| Current Ratio | 2.546 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 27.805 |
| Day Low | 27.275 |
| Debt To Equity | 12.975 |
| Display Name | Marcus & Millichap |
| Dividend Date | 1,775,174,400 |
| Dividend Rate | 0.5 |
| Dividend Yield | 1.8 |
| Earnings Call Timestamp End | 1,770,996,600 |
| Earnings Call Timestamp Start | 1,770,996,600 |
| Earnings Growth | 0.569 |
| Earnings Quarterly Growth | 0.557 |
| Earnings Timestamp | 1,770,989,400 |
| Earnings Timestamp End | 1,778,070,600 |
| Earnings Timestamp Start | 1,778,070,600 |
| Ebitda | -825,000 |
| Ebitda Margins | -0.0010899999 |
| Enterprise To Ebitda | -1,080.322 |
| Enterprise To Revenue | 1.18 |
| Enterprise Value | 891,265,280 |
| Eps Current Year | 0.66 |
| Eps Forward | 1.06 |
| Eps Trailing Twelve Months | -0.05 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,773,360,000 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 26.205 |
| Fifty Day Average Change | 1.5249996 |
| Fifty Day Average Change Percent | 0.058194987 |
| Fifty Two Week Change Percent | -9.526915 |
| Fifty Two Week High | 33.62 |
| Fifty Two Week High Change | -5.8899994 |
| Fifty Two Week High Change Percent | -0.17519332 |
| Fifty Two Week Low | 24.43 |
| Fifty Two Week Low Change | 3.2999992 |
| Fifty Two Week Low Change Percent | 0.13507979 |
| Fifty Two Week Range | 24.43 - 33.62 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,383,226,200,000 |
| Float Shares | 23,404,335 |
| Forward Eps | 1.06 |
| Forward P E | 26.160378 |
| Free Cashflow | 17,238,000 |
| Full Exchange Name | NYSE |
| Full Time Employees | 854 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,775,001,600 |
| Gross Margins | 0.37697 |
| Gross Profits | 284,670,016 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.03783 |
| Held Percent Institutions | 0.96286005 |
| Implied Shares Outstanding | 38,234,467 |
| Industry | Real Estate Services |
| Industry Disp | Real Estate Services |
| Industry Key | real-estate-services |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Dividend Date | 1,773,360,000 |
| Last Dividend Value | 0.25 |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Marcus & Millichap, Inc., an investment brokerage company, provides commercial real estate investment sales, financing services, research and advisory services in the United States and Canada. The company offers research on various property types comprising multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets/financing. It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, preferred equity, and securitization services, as well as loan sales and due diligence services to commercial real estate owners, developers, and investors. In addition, the company offers a way to buy and sell commercial property as a complement to its traditional property marketing channels. Further, it provides advisory and consulting services, which include opinions of value, operating and financial performance benchmarking analysis, specific asset buy-sell strategies, market and submarket analysis and ranking, portfolio strategies by property type, market strategy, development and redevelopment feasibility studies, and other services; and leasing services for tenants and/or landlords in connection with commercial real estate leases. Marcus & Millichap, Inc. was founded in 1971 and is headquartered in Calabasas, California. |
| Long Name | Marcus & Millichap, Inc. |
| Market | us_market |
| Market Cap | 1,060,241,792 |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_4249042 |
| Most Recent Quarter | 1,767,139,200 |
| Net Income To Common | -1,909,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 1,055,652,565 |
| Number Of Analyst Opinions | 1 |
| Open | 27.41 |
| Operating Cashflow | 66,657,000 |
| Operating Margins | 0.06296 |
| Overall Risk | 5 |
| Payout Ratio | 1.3514 |
| Phone | 818 212 2250 |
| Post Market Change | -0.020536423 |
| Post Market Change Percent | -0.0740585 |
| Post Market Price | 27.709463 |
| Post Market Time | 1,776,464,761 |
| Previous Close | 27.07 |
| Price Eps Current Year | 42.01515 |
| Price Hint | 2 |
| Price To Book | 1.7660171 |
| Price To Sales Trailing12 Months | 1.4040037 |
| Profit Margins | -0.00253 |
| Quick Ratio | 2.213 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.66 |
| Regular Market Change Percent | 2.43812 |
| Regular Market Day High | 27.805 |
| Regular Market Day Low | 27.275 |
| Regular Market Day Range | 27.275 - 27.805 |
| Regular Market Open | 27.41 |
| Regular Market Previous Close | 27.07 |
| Regular Market Price | 27.73 |
| Regular Market Time | 1,776,456,003 |
| Regular Market Volume | 124,796 |
| Return On Assets | -0.00952 |
| Return On Equity | -0.0030899998 |
| Revenue Growth | 0.016 |
| Revenue Per Share | 19.391 |
| Sand P52 Week Change | 0.38150132 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 8 |
| Shares Outstanding | 38,068,971 |
| Shares Percent Shares Out | 0.019 |
| Shares Short | 725,044 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 556,297 |
| Short Name | Marcus & Millichap, Inc. |
| Short Percent Of Float | 0.049200002 |
| Short Ratio | 2.4 |
| Source Interval | 15 |
| State | CA |
| Symbol | MMI |
| Target High Price | 28.0 |
| Target Low Price | 28.0 |
| Target Mean Price | 28.0 |
| Target Median Price | 28.0 |
| Total Cash | 246,862,000 |
| Total Cash Per Share | 6.459 |
| Total Debt | 78,255,000 |
| Total Revenue | 755,155,968 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.5 |
| Trailing Annual Dividend Yield | 0.018470632 |
| Trailing Eps | -0.05 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 28.7731 |
| Two Hundred Day Average Change | -1.0431004 |
| Two Hundred Day Average Change Percent | -0.036252625 |
| Type Disp | Equity |
| Volume | 124,796 |
| Website | https://www.marcusmillichap.com |
| Zip | 91,302 |