Marcus & Millichap Inc (MMI) Director George M. Marcus Sells 29,228 Shares of Stock
Marcus & Millichap Inc (NYSE:MMI) Director George M. Marcus sold 29,228 shares of the firm’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $36.45, for a total value of $1,065,360.60. Following the completion of the transaction, the director now owns 18,021 shares in the company, valued at $656,865.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Marcus & Millichap stock traded up $0.03 during trading hours on Friday, reaching $36.39. The stock had a trading volume of 1,894 shares, compared to its average volume of 195,949. 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 Inc has a 1 year low of $24.34 and a 1 year high of $41.45. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 3.06 and a beta of 1.32.
Marcus & Millichap (NYSE:MMI) last posted its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. Marcus & Millichap had a return on equity of 23.06% and a net margin of 8.44%. The business had revenue of $199.40 million during the quarter, compared to analyst estimates of $194.60 million. research analysts anticipate that Marcus & Millichap Inc will post 1.99 EPS for the current year.
A number of equities analysts have recently commented on MMI shares. Zacks Investment Research downgraded Marcus & Millichap from a “buy” rating to a “hold” rating in a report on Saturday, August 11th. JMP Securities downgraded Marcus & Millichap from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 22nd. Finally, Citigroup raised their price objective on Marcus & Millichap to $46.00 and gave the stock a “buy” rating in a report on Monday, July 2nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.67.
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.
Further Reading: Asset Allocation
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