Marcus & Millichap Inc. (NYSE:MMI) Receives Average Rating of “Hold” from Brokerages
Shares of Marcus & Millichap Inc. (NYSE:MMI) have received an average rating of “Hold” from the six research firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $48.00.
Separately, Zacks Investment Research raised Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd.
In other news, SVP William E. Hughes sold 5,000 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $26.17, for a total value of $130,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William E. Hughes sold 13,300 shares of the company’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $27.61, for a total value of $367,213.00. The disclosure for this sale can be found here. Company insiders own 61.80% of the company’s stock.
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Large investors have recently modified their holdings of the company. Bank of Montreal Can bought a new stake in shares of Marcus & Millichap during the second quarter valued at $122,000. Societe Generale bought a new stake in shares of Marcus & Millichap during the second quarter valued at $173,000. SG Americas Securities LLC bought a new stake in shares of Marcus & Millichap during the second quarter valued at $173,000. Nationwide Fund Advisors increased its stake in shares of Marcus & Millichap by 10.7% in the second quarter. Nationwide Fund Advisors now owns 9,471 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 917 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of Marcus & Millichap during the second quarter valued at $273,000. 35.28% of the stock is owned by institutional investors.
Marcus & Millichap (NYSE:MMI) traded down 2.54% during midday trading on Friday, reaching $24.95. The company’s stock had a trading volume of 15,583 shares. The stock has a market cap of $938.29 million, a P/E ratio of 14.51 and a beta of 1.46. The stock’s 50 day moving average is $25.81 and its 200 day moving average is $25.79. Marcus & Millichap has a 12-month low of $18.77 and a 12-month high of $49.97.
Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $183.38 million for the quarter, compared to analyst estimates of $171.25 million. Marcus & Millichap had a return on equity of 34.19% and a net margin of 9.41%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts anticipate that Marcus & Millichap will post $1.75 earnings per share for the current year.
Marcus & Millichap Company Profile
Marcus & Millichap, Inc is a brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. The Company also offers market research, consulting and advisory services to its clients. It also offers two services to its clients, such as commercial real estate investment brokerage, and financing and ancillary services.
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