Marcus & Millichap Inc. (NYSE:MMI) has earned a consensus rating of “Hold” from the six analysts that are covering the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $48.00.
Separately, Zacks Investment Research lowered Marcus & Millichap from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th.
Shares of Marcus & Millichap (NYSE:MMI) opened at 25.17 on Friday. Marcus & Millichap has a 52 week low of $18.77 and a 52 week high of $49.97. The firm has a market cap of $946.57 million, a PE ratio of 14.63 and a beta of 1.46. The firm’s 50-day moving average price is $25.75 and its 200 day moving average price is $25.78.
Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.06. Marcus & Millichap had a return on equity of 34.19% and a net margin of 9.41%. The business earned $183.38 million during the quarter, compared to analyst estimates of $171.25 million. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts anticipate that Marcus & Millichap will post $1.75 EPS for the current year.
In other Marcus & Millichap news, CEO Hessam Nadji sold 4,500 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $28.65, for a total transaction of $128,925.00. Following the transaction, the chief executive officer now directly owns 361,271 shares of the company’s stock, valued at $10,350,414.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP William E. Hughes sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $26.17, for a total value of $130,850.00. The disclosure for this sale can be found here. Company insiders own 61.80% of the company’s stock.
Several large investors have recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. increased its stake in shares of Marcus & Millichap by 3.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 645,279 shares of the real estate investment trust’s stock valued at $16,384,000 after buying an additional 22,896 shares in the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Marcus & Millichap by 37.0% in the first quarter. Kennedy Capital Management Inc. now owns 251,783 shares of the real estate investment trust’s stock valued at $6,393,000 after buying an additional 67,975 shares in the last quarter. Oxford Asset Management increased its stake in shares of Marcus & Millichap by 392.2% in the second quarter. Oxford Asset Management now owns 151,296 shares of the real estate investment trust’s stock valued at $3,844,000 after buying an additional 120,557 shares in the last quarter. Societe Generale acquired a new stake in shares of Marcus & Millichap during the second quarter valued at about $173,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Marcus & Millichap during the first quarter valued at about $1,252,000. 35.28% of the stock is currently owned by institutional investors.
About Marcus & Millichap
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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