Marcus & Millichap, Inc. (MMI) Receives Consensus Rating of “Hold” from Analysts
Marcus & Millichap, Inc. (NYSE:MMI) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $27.00.
Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub lowered shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, ValuEngine lowered shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
Marcus & Millichap (NYSE:MMI) opened at 25.20 on Friday. Marcus & Millichap has a 52-week low of $22.93 and a 52-week high of $30.31. The firm has a market capitalization of $960.55 million, a PE ratio of 16.47 and a beta of 1.55. The firm’s 50-day moving average is $25.78 and its 200-day moving average is $25.57.
Marcus & Millichap (NYSE:MMI) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.40 EPS for the quarter, topping the consensus estimate of $0.33 by $0.07. The company had revenue of $180.37 million for the quarter, compared to analyst estimates of $177.40 million. Marcus & Millichap had a net margin of 8.51% and a return on equity of 22.56%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. On average, analysts anticipate that Marcus & Millichap will post $1.42 earnings per share for the current year.
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In related news, SVP William E. Hughes sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $26.34, for a total value of $131,700.00. Following the sale, the senior vice president now directly owns 40,540 shares in the company, valued at approximately $1,067,823.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 58.30% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in MMI. SG Americas Securities LLC acquired a new position in Marcus & Millichap in the 2nd quarter valued at about $101,000. Victory Capital Management Inc. raised its stake in Marcus & Millichap by 57.9% in the 1st quarter. Victory Capital Management Inc. now owns 5,123 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 1,878 shares during the last quarter. Legal & General Group Plc raised its stake in Marcus & Millichap by 1.1% in the 1st quarter. Legal & General Group Plc now owns 5,227 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 57 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Marcus & Millichap by 16.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 5,958 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 831 shares during the last quarter. Finally, American International Group Inc. raised its stake in Marcus & Millichap by 7.1% in the 1st quarter. American International Group Inc. now owns 8,946 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 594 shares during the last quarter. Institutional investors and hedge funds own 41.90% of the company’s stock.
About Marcus & Millichap
Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.
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