Marcus & Millichap, Inc. (NYSE:MMI) Director George M. Marcus sold 27,638 shares of the company’s stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $34.14, for a total transaction of $943,561.32. Following the completion of the sale, the director now directly owns 22,566 shares of the company’s stock, valued at approximately $770,403.24. The sale was disclosed in a filing with the SEC, which is accessible through this link.
NYSE:MMI opened at $34.64 on Thursday. The company has a market cap of $1.37 billion, a PE ratio of 34.64 and a beta of 1.03. Marcus & Millichap, Inc. has a 12 month low of $23.16 and a 12 month high of $40.89. The company has a 50 day simple moving average of $35.62 and a two-hundred day simple moving average of $34.85.
Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings results on Thursday, February 18th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.45. The business had revenue of $250.21 million during the quarter, compared to analysts’ expectations of $169.50 million. Marcus & Millichap had a return on equity of 7.84% and a net margin of 5.67%. During the same quarter in the prior year, the business posted $0.52 earnings per share. As a group, equities analysts predict that Marcus & Millichap, Inc. will post 0.62 earnings per share for the current year.
Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Tuesday, February 23rd. TheStreet lowered Marcus & Millichap from a “b” rating to a “c+” rating in a research report on Thursday, April 1st.
Marcus & Millichap Company Profile
Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.
Featured Story: The limitations of an equal weight rating
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.