Marcus & Millichap Inc (NYSE:MMI) Director George M. Marcus sold 28,015 shares of the business’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $35.88, for a total transaction of $1,005,178.20. Following the completion of the sale, the director now owns 15,879 shares in the company, valued at approximately $569,738.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Marcus & Millichap Inc (MMI) traded down $1.01 during mid-day trading on Friday, reaching $35.12. 145,198 shares of the company’s stock were exchanged, compared to its average volume of 155,156. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.85 and a quick ratio of 4.62. Marcus & Millichap Inc has a fifty-two week low of $23.22 and a fifty-two week high of $36.70. The company has a market capitalization of $1,363.15, a PE ratio of 27.00, a price-to-earnings-growth ratio of 3.09 and a beta of 1.47.
Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data on Thursday, March 8th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.12. Marcus & Millichap had a net margin of 7.16% and a return on equity of 21.35%. The business had revenue of $202.80 million for the quarter, compared to analysts’ expectations of $189.10 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. equities research analysts forecast that Marcus & Millichap Inc will post 1.93 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on MMI shares. Zacks Investment Research cut shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. JMP Securities upgraded shares of Marcus & Millichap from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 24th. William Blair reiterated a “market perform” rating on shares of Marcus & Millichap in a research report on Thursday, February 1st. ValuEngine upgraded shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. Finally, Wells Fargo set a $37.00 price objective on shares of Marcus & Millichap and gave the company a “hold” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Marcus & Millichap currently has an average rating of “Buy” and an average price target of $38.50.
Marcus & Millichap Company Profile
Marcus & Millichap, Inc, a brokerage firm, provides investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties.
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