Marcus & Millichap Inc (MMI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Marcus & Millichap Inc (NYSE:MMI) have been given an average recommendation of “Hold” by the six brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $31.00.

Several research firms have recently weighed in on MMI. Zacks Investment Research cut Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Citigroup raised Marcus & Millichap from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $31.00 price objective (up from $25.00) on shares of Marcus & Millichap in a research report on Wednesday, November 8th.

Shares of Marcus & Millichap (MMI) opened at $31.49 on Friday. Marcus & Millichap has a 12-month low of $23.22 and a 12-month high of $32.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.62 and a quick ratio of 4.62. The firm has a market capitalization of $1,180.08, a P/E ratio of 20.45, a PEG ratio of 3.15 and a beta of 1.59.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. Marcus & Millichap had a return on equity of 21.37% and a net margin of 8.53%. sell-side analysts anticipate that Marcus & Millichap will post 1.51 EPS for the current fiscal year.

In related news, SVP William E. Hughes sold 6,840 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $30.05, for a total value of $205,542.00. Following the completion of the transaction, the senior vice president now directly owns 61,701 shares of the company’s stock, valued at $1,854,115.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George M. Marcus sold 26,138 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $29.97, for a total value of $783,355.86. Following the completion of the transaction, the director now directly owns 15,879 shares of the company’s stock, valued at $475,893.63. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,706,908 shares of company stock valued at $52,147,895. 58.30% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of MMI. SG Americas Securities LLC bought a new position in Marcus & Millichap in the second quarter worth $101,000. Victory Capital Management Inc. lifted its position in Marcus & Millichap by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,027 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 904 shares during the period. Goldman Sachs Group Inc. bought a new position in Marcus & Millichap in the second quarter worth $249,000. Russell Investments Group Ltd. bought a new position in Marcus & Millichap in the third quarter worth $264,000. Finally, Parametric Portfolio Associates LLC lifted its position in Marcus & Millichap by 34.7% in the second quarter. Parametric Portfolio Associates LLC now owns 11,281 shares of the real estate investment trust’s stock worth $297,000 after purchasing an additional 2,909 shares during the period. 41.01% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This story was first posted by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/01/20/marcus-millichap-inc-mmi-receives-consensus-rating-of-hold-from-brokerages.html.

Marcus & Millichap Company Profile

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.

Receive News & Ratings for Marcus & Millichap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus & Millichap and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply