Marcus & Millichap, Inc. (NYSE:MMI) was upgraded by equities research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, Marketbeat.com reports.

A number of other equities research analysts have also recently commented on the stock. BidaskClub raised shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $31.00 price objective (up previously from $25.00) on shares of Marcus & Millichap in a research note on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $31.00.

Shares of Marcus & Millichap (NYSE MMI) traded up $0.78 during midday trading on Tuesday, hitting $30.65. 423,700 shares of the stock were exchanged, compared to its average volume of 139,930. The firm has a market cap of $1,139.27, a PE ratio of 19.40, a price-to-earnings-growth ratio of 3.29 and a beta of 1.55. Marcus & Millichap has a twelve month low of $23.22 and a twelve month high of $31.37. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.02.

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In other news, SVP William E. Hughes sold 6,000 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $28.00, for a total transaction of $168,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William E. Hughes sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $26.34, for a total value of $131,700.00. Following the transaction, the senior vice president now owns 40,540 shares in the company, valued at approximately $1,067,823.60. The disclosure for this sale can be found here. Insiders have sold a total of 130,453 shares of company stock worth $3,878,641 in the last quarter. Insiders own 58.30% of the company’s stock.

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Marcus & Millichap during the 2nd quarter valued at approximately $101,000. Legal & General Group Plc lifted its holdings 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 in the last quarter. Public Employees Retirement System of Ohio lifted its holdings 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 in the last quarter. Victory Capital Management Inc. lifted its holdings in Marcus & Millichap by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,027 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 904 shares in the last quarter. Finally, American International Group Inc. lifted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 41.57% 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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