Marcus & Millichap Inc (MMI) Given Consensus Rating of “Buy” by Analysts

Marcus & Millichap Inc (NYSE:MMI) has been given an average rating of “Buy” by the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $41.67.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Marcus & Millichap from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, November 13th. ValuEngine raised shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th.

Shares of MMI stock traded down $0.32 during trading hours on Friday, hitting $36.58. 9,318 shares of the company’s stock were exchanged, compared to its average volume of 198,070. The company has a market capitalization of $1.41 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.80 and a beta of 1.08. Marcus & Millichap has a 12-month low of $28.89 and a 12-month high of $41.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.67 and a current ratio of 4.67.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings results on Wednesday, November 7th. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate of $0.49 by $0.04. The firm had revenue of $210.60 million for the quarter, compared to the consensus estimate of $192.58 million. Marcus & Millichap had a net margin of 8.83% and a return on equity of 23.36%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. On average, research analysts predict that Marcus & Millichap will post 2.06 EPS for the current year.

In other news, Director George M. Marcus sold 15,258 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $37.01, for a total value of $564,698.58. Following the transaction, the director now owns 18,021 shares in the company, valued at $666,957.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Phoenix Investments Holdings L sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $34.82, for a total transaction of $1,741,000.00. Following the completion of the transaction, the insider now owns 15,293,662 shares in the company, valued at approximately $532,525,310.84. The disclosure for this sale can be found here. Insiders sold 900,174 shares of company stock worth $32,512,708 in the last 90 days. Company insiders own 50.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in Marcus & Millichap in the fourth quarter valued at $243,000. Zacks Investment Management bought a new stake in Marcus & Millichap in the second quarter valued at $246,000. California Public Employees Retirement System bought a new stake in Marcus & Millichap in the second quarter valued at $246,000. Stevens Capital Management LP bought a new stake in Marcus & Millichap in the third quarter valued at $264,000. Finally, WINTON GROUP Ltd bought a new stake in Marcus & Millichap in the second quarter valued at $295,000. Institutional investors and hedge funds own 52.05% 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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