News articles about Marcus & Millichap (NYSE:MMI) have trended somewhat positive this week, Alpha One Sentiment Analysis reports. Alpha One, a division of Accern, identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Marcus & Millichap earned a news sentiment score of 0.08 on Alpha One’s scale. Alpha One also gave news stories about the real estate investment trust an impact score of 4 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Alpha One’s scoring:
- Marcus & Millichap : Announces IPA Midwest-Multifamily Based in Ohio (4-traders.com)
- Marcus & Millichap Announces IPA Midwest-Multifamily Based in Ohio (finance.yahoo.com)
- Marcus & Millichap’s IPA Division Hires Veteran Investment Broker Kenneth J. Szady as National Director, IPA Office and Industrial (finance.yahoo.com)
- Marcus & Millichap Inc (MMI) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
A number of equities analysts have recently commented on MMI shares. Zacks Investment Research raised Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Wednesday, March 8th. William Blair cut Marcus & Millichap from an “outperform” rating to a “market perform” rating in a report on Friday, March 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Marcus & Millichap presently has an average rating of “Hold” and an average target price of $27.00.
Shares of Marcus & Millichap (NYSE:MMI) traded up 2.26% during trading on Friday, reaching $24.03. The company’s stock had a trading volume of 167,691 shares. Marcus & Millichap has a 12-month low of $22.93 and a 12-month high of $30.31. The stock has a market cap of $914.94 million, a P/E ratio of 15.12 and a beta of 1.57. The stock’s 50-day moving average is $24.97 and its 200-day moving average is $25.93.
Marcus & Millichap (NYSE:MMI) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. The business had revenue of $153.20 million for the quarter, compared to the consensus estimate of $150.57 million. Marcus & Millichap had a return on equity of 31.33% and a net margin of 9.22%. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. Equities research analysts anticipate that Marcus & Millichap will post $1.39 earnings per share for the current fiscal year.
In other news, CEO Hessam Nadji sold 13,500 shares of Marcus & Millichap stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $25.20, for a total value of $340,200.00. Following the transaction, the chief executive officer now owns 331,661 shares in the company, valued at $8,357,857.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP William E. Hughes sold 6,541 shares of Marcus & Millichap stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $27.99, for a total value of $183,082.59. Following the completion of the transaction, the senior vice president now owns 40,540 shares in the company, valued at approximately $1,134,714.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 550,684 shares of company stock worth $13,529,256. Company insiders own 61.80% of the company’s stock.
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Marcus & Millichap Company Profile
Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.
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