BidaskClub downgraded shares of Marcus & Millichap, Inc. (NYSE:MMI) from a buy rating to a hold rating in a report issued on Tuesday, July 11th.
Several other equities analysts also recently issued reports on the stock. ValuEngine downgraded shares of Marcus & Millichap from a buy rating to a hold rating in a report on Friday, June 2nd. William Blair downgraded shares of Marcus & Millichap from an outperform rating to a market perform rating in a research note on Friday, March 24th. Finally, Zacks Investment Research downgraded shares of Marcus & Millichap from a hold rating to a strong sell rating in a research note on Wednesday, March 15th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $27.00.
Shares of Marcus & Millichap (MMI) opened at 25.46 on Tuesday. The stock has a market cap of $970.46 million, a price-to-earnings ratio of 16.64 and a beta of 1.55. The firm has a 50-day moving average price of $26.26 and a 200-day moving average price of $25.66. Marcus & Millichap has a one year low of $22.93 and a one year high of $30.31.
Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.07. Marcus & Millichap had a net margin of 8.51% and a return on equity of 23.27%. The firm had revenue of $180.37 million during the quarter, compared to the consensus estimate of $177.40 million. During the same period last year, the firm posted $0.45 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts anticipate that Marcus & Millichap will post $1.42 earnings per share for the current fiscal year.
WARNING: “Marcus & Millichap, Inc. (NYSE:MMI) Lowered to Hold at BidaskClub” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.com-unik.info/2017/08/12/marcus-millichap-inc-nysemmi-rating-lowered-to-hold-at-bidaskclub-updated-updated-updated.html.
In other news, CEO Hessam Nadji sold 8,500 shares of Marcus & Millichap stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $24.41, for a total transaction of $207,485.00. Following the completion of the sale, the chief executive officer now owns 305,161 shares in the company, valued at approximately $7,448,980.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 58.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. boosted its position in shares of Marcus & Millichap by 0.3% in the second quarter. Alps Advisors Inc. now owns 18,396 shares of the real estate investment trust’s stock worth $485,000 after buying an additional 48 shares in the last quarter. Legal & General Group Plc boosted its position in Marcus & Millichap by 1.1% in the first quarter. Legal & General Group Plc now owns 5,227 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 57 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Marcus & Millichap by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 51,379 shares of the real estate investment trust’s stock valued at $1,355,000 after buying an additional 285 shares during the period. Prescott Group Capital Management L.L.C. boosted its position in Marcus & Millichap by 0.9% in the first quarter. Prescott Group Capital Management L.L.C. now owns 44,884 shares of the real estate investment trust’s stock valued at $1,103,000 after buying an additional 390 shares during the period. Finally, American International Group Inc. boosted its position in Marcus & Millichap by 7.1% in the first quarter. American International Group Inc. now owns 8,946 shares of the real estate investment trust’s stock valued at $220,000 after buying an additional 594 shares during the period. Hedge funds and other institutional investors own 42.44% 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.
What are top analysts saying about Marcus & Millichap Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Marcus & Millichap Inc. and related companies.