MMI Marcus & Millichap Inc

Wall Street Zen downgraded Marcus & Millichap (NYSE:MMI) from "buy" to "hold" as other analysts like Wells Fargo also issued bearish outlooks, resulting in a MarketBeat consensus rating of "Reduce" with a $29 target price. Despite beating EPS and revenue expectations for the last quarter, the company shows weak profitability metrics and trades near its 12-month low. Institutional investors hold approximately 62.8% of the company's stock.

Harbor Capital Advisors Inc. significantly reduced its stake in Marcus & Millichap, selling 72% of its holdings in Q3, now owning shares valued at $1.53 million. Institutional investors and hedge funds combined hold 62.78% of the company's stock, though analysts have mixed ratings, leaning towards "Reduce" with a $29 price target. Despite beating recent EPS and revenue estimates, Marcus & Millichap, with a market cap of $1.07 billion, still reports negative net margins and a negative P/E ratio.

Thomas Shihadeh, Vice President/Regional Manager at Marcus & Millichap, highlights 2025 as a record year for exclusive inventory across New England, particularly in the second half, driven by attractive debt markets and strong long-term fundamentals. Looking ahead to 2026, he anticipates further inventory changes as the bid-ask spread narrows and identifies emerging trends in various real estate sectors including potential rent control in multifamily, absorption of industrial space, reset pricing in single-tenant retail, attractive risk-adjusted returns in multi-tenant retail, and a resurgence in the office market.

Marcus & Millichap announced the sale of Cypress Key Shoppes, a 26,000-square-foot multi-tenant retail center in Royal Palm Beach, for $17 million. The property, located on Southern Blvd., is fully leased to national and regional tenants, highlighting continued high demand for quality retail properties in Palm Beach County. This sale involved Douglas Mandel, Zach Levine, and Cody Hershey representing the seller, Martin Heise with City Construction & Development, and procuring the buyer, Curbline Properties Corp.

Marcus & Millichap orchestrated the $5.95 million sale of a 12,800 square foot, eight-unit mixed-use property located at 98 Forsyth St. in New York City. The transaction involved Said Boukhalfa representing the seller, 98 Forsyth Corp, and securing the buyer, YYY Realty CO LLC. The sale highlights continued investor confidence in New York City's real estate market, with landlords now quickly renting units at asking prices.

Marcus & Millichap has successfully brokered the $17.5 million sale of a fully-leased, 10-unit experiential retail property located at 321 Starr Street in Bushwick. The sale was arranged by Shaun Riney, Michael Salvatico, Scott Plasky, and Alexander Arustamanian to a Canadian family entering the New York City market. The property, renovated in 2017, features over 7,000 square feet of outdoor rooftop space and tenants like MetroRock, 48 Cypress, and New York Film Lab.