Marcus & Millichap Inc (NYSE:MMI) Director George M. Marcus Sells 101,208 Shares

Marcus & Millichap Inc (NYSE:MMI) Director George M. Marcus sold 101,208 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $35.98, for a total transaction of $3,641,463.84. Following the completion of the sale, the director now owns 15,879 shares in the company, valued at $571,326.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of NYSE:MMI opened at $34.73 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.85 and a quick ratio of 3.85. Marcus & Millichap Inc has a 52-week low of $23.40 and a 52-week high of $36.70. The company has a market capitalization of $1,350.18, a price-to-earnings ratio of 21.99, a PEG ratio of 3.06 and a beta of 1.31.

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Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings data on Thursday, March 8th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.12. The company had revenue of $202.80 million during the quarter, compared to the consensus estimate of $189.10 million. Marcus & Millichap had a net margin of 7.16% and a return on equity of 21.35%. Marcus & Millichap’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $0.44 earnings per share. analysts anticipate that Marcus & Millichap Inc will post 1.93 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in MMI. The Manufacturers Life Insurance Company lifted its stake in Marcus & Millichap by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 13,515 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 967 shares during the last quarter. Advisor Group Inc. lifted its stake in Marcus & Millichap by 98.1% during the fourth quarter. Advisor Group Inc. now owns 3,368 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 1,668 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Marcus & Millichap by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 151,564 shares of the real estate investment trust’s stock worth $4,942,000 after purchasing an additional 1,850 shares during the last quarter. Suntrust Banks Inc. lifted its stake in Marcus & Millichap by 23.0% during the fourth quarter. Suntrust Banks Inc. now owns 10,448 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 1,951 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Marcus & Millichap by 39.5% during the third quarter. Victory Capital Management Inc. now owns 8,407 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 2,380 shares during the last quarter. Institutional investors own 44.97% of the company’s stock.

A number of research analysts have issued reports on MMI shares. Zacks Investment Research upgraded shares of Marcus & Millichap from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, March 14th. ValuEngine upgraded shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. Wells Fargo set a $37.00 price objective on shares of Marcus & Millichap and gave the stock a “hold” rating in a report on Wednesday, March 21st. William Blair reiterated a “market perform” rating on shares of Marcus & Millichap in a report on Thursday, February 1st. Finally, JMP Securities upgraded shares of Marcus & Millichap from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Marcus & Millichap presently has an average rating of “Buy” and a consensus price target of $38.50.

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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.

Insider Buying and Selling by Quarter for Marcus & Millichap (NYSE:MMI)

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