Marcus & Millichap Inc. (NYSE:MMI)’s share price traded up 1.8% on Wednesday . The stock traded as high as $27.78 and last traded at $27.78, with a volume of 58,414 shares trading hands. The stock had previously closed at $27.29.

Several equities analysts have weighed in on the company. JMP Securities restated a “hold” rating on shares of Marcus & Millichap in a report on Wednesday, June 8th. Zacks Investment Research upgraded Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. Finally, TheStreet upgraded Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Wednesday, June 1st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Marcus & Millichap currently has a consensus rating of “Hold” and an average target price of $37.50.

The company has a 50-day moving average price of $25.91 and a 200-day moving average price of $24.60. The firm has a market cap of $1.03 billion and a price-to-earnings ratio of 15.94.

Marcus & Millichap (NYSE:MMI) last issued its earnings results on Thursday, May 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.10. The firm earned $164.30 million during the quarter, compared to the consensus estimate of $144.82 million. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts predict that Marcus & Millichap Inc. will post $1.76 EPS for the current fiscal year.

In other Marcus & Millichap news, SVP William E. Hughes sold 13,300 shares of the stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $27.61, for a total value of $367,213.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Hessam Nadji sold 22,022 shares of the stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $26.16, for a total transaction of $576,095.52. Following the completion of the transaction, the chief executive officer now directly owns 364,971 shares in the company, valued at $9,547,641.36. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently added to or reduced their stakes in the stock. Royce & Associates LLC boosted its position in Marcus & Millichap by 1,181.0% in the fourth quarter. Royce & Associates LLC now owns 706,320 shares of the real estate investment trust’s stock valued at $20,582,000 after buying an additional 651,180 shares in the last quarter. Jennison Associates LLC boosted its position in Marcus & Millichap by 14.3% in the fourth quarter. Jennison Associates LLC now owns 429,739 shares of the real estate investment trust’s stock valued at $12,523,000 after buying an additional 53,655 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Marcus & Millichap by 17.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 348,102 shares of the real estate investment trust’s stock valued at $10,143,000 after buying an additional 51,638 shares in the last quarter. GSA Capital Partners LLP boosted its position in Marcus & Millichap by 66.3% in the fourth quarter. GSA Capital Partners LLP now owns 116,646 shares of the real estate investment trust’s stock valued at $3,399,000 after buying an additional 46,488 shares in the last quarter. Finally, Oxford Asset Management bought a new position in Marcus & Millichap during the fourth quarter valued at $1,978,000.

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 developers, lenders, owners and investors. It also offers two services to its clients: commercial real estate investment brokerage and financing.

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