Marcus & Millichap Inc (NYSE:MMI) Director George M. Marcus Sells 47,639 Shares

Marcus & Millichap Inc (NYSE:MMI) Director George M. Marcus sold 47,639 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $36.13, for a total transaction of $1,721,197.07. Following the completion of the sale, the director now owns 15,879 shares in the company, valued at $573,708.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

MMI opened at $34.73 on Friday. The company has a market cap of $1,350.18, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 3.06 and a beta of 1.31. Marcus & Millichap Inc has a 1 year low of $23.40 and a 1 year high of $36.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.85 and a quick ratio of 3.85.

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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. Marcus & Millichap had a net margin of 7.16% and a return on equity of 21.35%. The company had revenue of $202.80 million during the quarter, compared to the consensus estimate of $189.10 million. During the same quarter last year, the company earned $0.44 earnings per share. Marcus & Millichap’s revenue for the quarter was up 7.2% on a year-over-year basis. analysts expect that Marcus & Millichap Inc will post 1.93 earnings per share for the current year.

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.

A number of large investors have recently modified their holdings of the business. Advisor Group Inc. boosted its stake in shares of Marcus & Millichap by 98.1% during the 4th quarter. Advisor Group Inc. now owns 3,368 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 1,668 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Marcus & Millichap during the 4th quarter valued at approximately $211,000. US Bancorp DE boosted its stake in shares of Marcus & Millichap by 198.3% during the 4th quarter. US Bancorp DE now owns 6,484 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 4,310 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Marcus & Millichap by 39.5% during the 3rd quarter. Victory Capital Management Inc. now owns 8,407 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 2,380 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Marcus & Millichap during the 2nd quarter valued at approximately $249,000. 44.97% of the stock is owned by institutional investors.

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About Marcus & Millichap

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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