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Marcus & Millichap, Inc. (MMI)

Real Estate | Real Estate Services | Calabasas, United States | NYSE
30.46 USD -0.22 (-0.717%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 30.46
Short-term:★★⯪☆☆Long-term:★⯪☆☆☆Dividends:★⯪☆☆☆
Hot Take ↕ | July 11, 2026, 4:49 a.m. EDT

The investment case for Marcus & Millichap is currently compromised by deteriorating fundamentals and a fragile balance sheet. While the company recently posted modest revenue growth and improved operating profit, the underlying economics remain broken: the business is generating negative operating margins and negative return on equity, while the payout ratio exceeds 135%, meaning the dividend is being funded by borrowing or drawing down cash reserves rather than core earnings. This unsustainable payout structure, combined with a forward P/E of 34x on a company that cannot yet generate consistent free cash flow, presents a significant value trap risk. In the short term, the stock has found temporary support near the 200-day moving average, and recent price action shows a slight uptick, but the lack of institutional buying and the heavy short interest suggest this rally may be limited. The statistical forecast models also lean slightly negative, reinforcing the view that the immediate trend is weak. For the long term, the multi-year price trajectory reveals a pattern of frequent declines, with the most recent year seeing an 8.8% drop. Until the company can demonstrate a path to positive operating leverage and a sustainable dividend coverage ratio, the long-term outlook remains bearish.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_105 ✓0.066155
AutoARIMA0.081222
AutoETS0.081222
MSTL0.084917
AutoTheta0.086324

Forecast horizon: 60 days | Selected: MSTL_105

Forecast Reliability
Score 50%
H-stat 1.74
Ljung-Box p 0.000
Jarque-Bera p 0.188
Excess Kurtosis -1.14
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-03-12
Last Dividend Date 2026-03-12
Debt to Equity Ratio 13.186
Revenue per Share 20.164
Market Cap 1,152,052,224
Forward P/E 34.22
Beta 1.24
Profit Margins -0.07%
Website https://www.marcusmillichap.com

As of July 11, 2026, 4:49 a.m. EDT: Options activity is sparse and lacks directional conviction. Call volume is negligible across expirations, while put interest is concentrated in out-of-the-money strikes (20 and 25) for the August expiration, suggesting a speculative hedge against further downside rather than a structured bearish bet. Implied volatility remains elevated relative to the low trading volume, indicating uncertainty rather than a clear speculative thesis.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.98% 1.76% 1.54% —
Dividend History
Date Dividend Yield %
2026-03-13 0.25 0.983478
2025-09-15 0.25 0.776880
2025-03-12 0.25 0.715308
2024-09-16 0.25 0.619732
2024-03-11 0.25 0.733999
2023-09-14 0.25 0.790139
2023-03-13 0.25 0.802568
2022-09-14 0.25 0.667022
2022-03-07 1.25 2.754517
Additional Data
dividendRate 0.5
dividendYield 1.63
exDividendDate 2026-03-13
trailingAnnualDividendRate 0.5
trailingAnnualDividendYield 0.016297262
lastDividendValue 0.25
lastDividendDate 2026-03-13
dividendDate 2026-04-03

Info Dump

Attribute Value
52 Week Change -0.018239975
Address1 23,975 Park Sorrento
Address2 Suite 400
All Time High 58.33
All Time Low 13.09
Ask 30.79
Ask Size 200
Audit Risk 4
Average Analyst Rating 4.0 - Underperform
Average Daily Volume10 Day 181,620
Average Daily Volume3 Month 230,416
Average Volume 230,416
Average Volume10Days 181,620
Beta 1.235
Bid 30.09
Bid Size 100
Board Risk 6
Book Value 15.051
City Calabasas
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 4
Country United States
Crypto Tradeable 0
Currency USD
Current Price 30.46
Current Ratio 2.649
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 31.29
Day Low 30.415
Debt To Equity 13.186
Display Name Marcus & Millichap
Dividend Date 1,775,174,400
Dividend Rate 0.5
Dividend Yield 1.63
Earnings Call Timestamp End 1,778,164,200
Earnings Call Timestamp Start 1,778,164,200
Earnings Timestamp 1,778,157,000
Earnings Timestamp End 1,786,019,400
Earnings Timestamp Start 1,786,019,400
Ebitda 11,283,000
Ebitda Margins 0.01444
Enterprise To Ebitda 92.117
Enterprise To Revenue 1.33
Enterprise Value 1,039,358,464
Eps Current Year 0.31
Eps Forward 0.89
Eps Trailing Twelve Months -0.02
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 29.6092
Fifty Day Average Change 0.85079956
Fifty Day Average Change Percent 0.028734298
Fifty Two Week Change Percent -1.8239975
Fifty Two Week High 33.62
Fifty Two Week High Change -3.1599998
Fifty Two Week High Change Percent -0.09399167
Fifty Two Week Low 24.43
Fifty Two Week Low Change 6.029999
Fifty Two Week Low Change Percent 0.24682762
Fifty Two Week Range 24.43 - 33.62
Financial Currency USD
First Trade Date Milliseconds 1,383,226,200,000
Float Shares 23,028,392
Forward Eps 0.89
Forward P E 34.22472
Free Cashflow 35,525,000
Full Exchange Name NYSE
Full Time Employees 854
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.37847
Gross Profits 295,809,984
Has Pre Post Market Data 1
Held Percent Insiders 0.03848
Held Percent Institutions 0.96473
Implied Shares Outstanding 37,821,808
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 1,152,052,224
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_4249042
Most Recent Quarter 1,774,915,200
Net Income To Common -587,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 1,160,373,069
Number Of Analyst Opinions 1
Open 30.85
Operating Cashflow 91,927,000
Operating Margins -0.03303
Overall Risk 6
Payout Ratio 1.3514
Phone 818 212 2250
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 30.46
Post Market Time 1,783,981,119
Previous Close 30.68
Price Eps Current Year 98.258064
Price Hint 2
Price To Book 2.0237858
Price To Sales Trailing12 Months 1.4739947
Profit Margins -0.00075
Quick Ratio 2.227
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key underperform
Recommendation Mean 4.0
Region US
Regular Market Change -0.220001
Regular Market Change Percent -0.717084
Regular Market Day High 31.29
Regular Market Day Low 30.415
Regular Market Day Range 30.415 - 31.29
Regular Market Open 30.85
Regular Market Previous Close 30.68
Regular Market Price 30.46
Regular Market Time 1,783,972,803
Regular Market Volume 61,370
Return On Assets -0.00029
Return On Equity -0.00099
Revenue Growth 0.182
Revenue Per Share 20.164
Sand P52 Week Change 0.20847368
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 8
Shares Outstanding 37,821,808
Shares Percent Shares Out 0.0272
Shares Short 1,027,711
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 1,049,183
Short Name Marcus & Millichap, Inc.
Short Percent Of Float 0.0709
Short Ratio 4.55
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 187,322,000
Total Cash Per Share 4.954
Total Debt 75,034,000
Total Revenue 781,585,024
Tradeable 0
Trailing Annual Dividend Rate 0.5
Trailing Annual Dividend Yield 0.016297262
Trailing Eps -0.02
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 28.16525
Two Hundred Day Average Change 2.2947483
Two Hundred Day Average Change Percent 0.08147445
Type Disp Equity
Volume 61,370
Website https://www.marcusmillichap.com
Zip 91,302