Marcus & Millichap Inc. (NYSE:MMI) SVP William E. Hughes sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $26.17, for a total value of $130,850.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Marcus & Millichap Inc. (NYSE:MMI) opened at 25.23 on Wednesday. The company has a market capitalization of $948.82 million, a P/E ratio of 14.67 and a beta of 1.46. The company has a 50 day moving average price of $25.93 and a 200-day moving average price of $25.79. Marcus & Millichap Inc. has a 52 week low of $18.77 and a 52 week high of $49.97.

Marcus & Millichap (NYSE:MMI) last posted its earnings results on Thursday, August 4th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. Marcus & Millichap had a return on equity of 34.19% and a net margin of 9.41%. The firm earned $183.38 million during the quarter, compared to analysts’ expectations of $171.25 million. The firm’s revenue was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that Marcus & Millichap Inc. will post $1.75 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of MMI. Bank of Montreal Can acquired a new position in Marcus & Millichap during the second quarter worth about $122,000. Societe Generale acquired a new position in Marcus & Millichap during the second quarter worth about $173,000. SG Americas Securities LLC acquired a new position in Marcus & Millichap during the second quarter worth about $173,000. Nationwide Fund Advisors boosted its position in Marcus & Millichap by 10.7% in the second quarter. Nationwide Fund Advisors now owns 9,471 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 917 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in Marcus & Millichap during the second quarter worth about $273,000. 35.28% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on MMI. JMP Securities reissued a “hold” rating on shares of Marcus & Millichap in a research note on Wednesday, June 8th. Zacks Investment Research downgraded Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $37.50.

About Marcus & Millichap

Marcus & Millichap, Inc is a brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. The Company also offers market research, consulting and advisory services to its clients. It also offers two services to its clients, such as commercial real estate investment brokerage, and financing and ancillary services.

5 Day Chart for NYSE:MMI

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