Reinhart Partners Fully Exits Marcus & Millichap Stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2026
0mins
Should l Buy MMI?
Source: Fool
- Share Sale Overview: On February 10, 2026, Reinhart Partners, LLC disclosed in an SEC filing that it sold all 2,208,439 shares of Marcus & Millichap, with an estimated transaction value of approximately $64.82 million, indicating a complete exit from the company.
- Position Change Impact: This sale brought Reinhart's position in Marcus & Millichap to zero at quarter-end, reducing its reportable AUM by 1.94%, reflecting a pessimistic outlook on the company's future prospects.
- Stock Performance Issues: Marcus & Millichap's stock has declined by 26.4% over the past year and has dropped 28% since 2021, highlighting ongoing weakness in the commercial real estate market, particularly in a prolonged high-interest rate environment.
- Investor Recommendations: Given that Marcus & Millichap's stock is near a 52-week low, retail investors may need to consider alternative investment options, especially in light of the current downturn in the commercial real estate market, and seek out more promising real estate stocks.
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Analyst Views on MMI
Wall Street analysts forecast MMI stock price to rise
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 25.710
Low
29.00
Averages
29.00
High
29.00
Current: 25.710
Low
29.00
Averages
29.00
High
29.00
About MMI
Marcus & Millichap, Inc. is a real estate services company specializing in commercial real estate investment sales, financing services, research, and advisory services. Through its Commercial Real Estate Services, it provides equity advisory services and loan sales, loan guarantees, consulting, and advisory services. It serves clients with one property, multiple properties, and large investment portfolios. Through its Real Estate Brokerage, it represents commercial property owners as their investment broker in the sale of their properties. Its auction services division offers an accelerated way to buy and sell commercial property. Its financing division provides services, such as loan sales and due diligence, and receives recurring loan performance fees from certain lenders. It offers advisory and consulting services in forming investment strategy and making transaction decisions. It provides leasing services for tenants and landlords in connection with commercial real estate leases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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