Marcus & Millichap, Inc. (MMI)
After hours:
| Previous Close | 32.36 |
| Open | 32.02 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 1000 |
| Day's Range | 31.69 - 32.42 |
| 52 Week Range | 26.81 - 44.24 |
| Volume | |
| Avg. Volume | 187,993 |
| Market Cap | 1.25B |
| Beta (5Y Monthly) | 1.20 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.88 |
| Earnings Date | May 03, 2024 - May 07, 2024 |
| Forward Dividend & Yield | 0.50 (1.55%) |
| Ex-Dividend Date | Mar 11, 2024 |
| 1y Target Est | N/A |
- Yahoo Finance Video
How a Fed rate cut delay is impacting commercial real estate
The impact of the Federal Reserve keeping interest rates higher for longer has filtered into a large swath of the economy, including commercial real estate. According to the Wall Street Journal, big banks have set aside large reserves in case the commercial real estate sector begins to truly falter. Marcus & Millichap CEO Hessam Nadji (MMI) joins Yahoo Finance for the latest edition of Real Estate: The New Reality to give insight into to the connections between the Fed cutting interest rates and the sentiment around commercial real estate. Nadji lays out some of the correlation between the Fed and the sector: "There's a direct correlation between the groups, the entire sector's valuation movement, and Fed sentiment. We saw a big run-up in the sector's valuations late last year when interest rates were coming in. The 10-year Treasury had peaked around 5% and then boom, all the way back down to 4% and you saw the stock prices go up accordingly and when the Fed basically changed its mind again given the inflation readings of the last couple of weeks coming in hotter than expected and now the notion of delaying the easing cycle you see the stocks are under pressure again so there's a direct correlation between Fed expectations and interest rates." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
Simply Wall St.A Look At The Fair Value Of Marcus & Millichap, Inc. (NYSE:MMI)
Key Insights Marcus & Millichap's estimated fair value is US$39.56 based on 2 Stage Free Cash Flow to Equity Marcus...
- Business Wire
Marcus & Millichap, Inc. to Report First Quarter 2024 Financial Results on Wednesday, May 8, 2024
CALABASAS, Calif., April 16, 2024--Marcus & Millichap, Inc. (NYSE: MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing and research and advisory services, announced today it will report its financial results for the first quarter ended March 31, 2024 on Wednesday, May 8, 2024, before the market open.
