George M. Marcus Sells 8,914 Shares of Marcus & Millichap Inc (MMI) Stock

Marcus & Millichap Inc (NYSE:MMI) Director George M. Marcus sold 8,914 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $35.51, for a total value of $316,536.14. Following the sale, the director now directly owns 18,021 shares in the company, valued at $639,925.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE:MMI traded down $0.65 during trading hours on Wednesday, hitting $31.48. 131,400 shares of the company’s stock traded hands, compared to its average volume of 176,597. Marcus & Millichap Inc has a 1 year low of $26.65 and a 1 year high of $41.45. The firm has a market capitalization of $1.34 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.91 and a beta of 1.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.69 and a quick ratio of 5.69.

Marcus & Millichap (NYSE:MMI) last announced its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The business had revenue of $199.40 million during the quarter, compared to analyst estimates of $194.60 million. Marcus & Millichap had a return on equity of 23.06% and a net margin of 8.44%. Equities research analysts expect that Marcus & Millichap Inc will post 1.99 EPS for the current fiscal year.

MMI has been the subject of several recent research reports. Zacks Investment Research lowered Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. JMP Securities lowered Marcus & Millichap from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 22nd. Citigroup lifted their price target on Marcus & Millichap to $46.00 and gave the stock a “buy” rating in a research report on Monday, July 2nd. Finally, ValuEngine lowered Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Marcus & Millichap has a consensus rating of “Hold” and an average target price of $42.67.

Several hedge funds and other institutional investors have recently made changes to their positions in MMI. C M Bidwell & Associates Ltd. purchased a new stake in shares of Marcus & Millichap in the first quarter valued at approximately $166,000. Royal Bank of Canada raised its stake in Marcus & Millichap by 1,029.1% in the first quarter. Royal Bank of Canada now owns 5,160 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 4,703 shares in the last quarter. D.A. Davidson & CO. bought a new position in Marcus & Millichap in the first quarter worth approximately $204,000. Koch Industries Inc. bought a new position in Marcus & Millichap in the first quarter worth approximately $211,000. Finally, Trexquant Investment LP bought a new position in Marcus & Millichap in the first quarter worth approximately $238,000. Hedge funds and other institutional investors own 50.88% of the company’s stock.

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

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