Marcus & Millichap Inc. (NYSE:MMI) was down 3.2% during mid-day trading on Tuesday . The stock traded as low as $27.49 and last traded at $27.90, with a volume of 53,709 shares changing hands. The stock had previously closed at $28.81.

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

The firm has a 50 day moving average of $26.76 and a 200 day moving average of $24.86. The company has a market cap of $1.04 billion and a PE ratio of 16.06.

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

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

A number of hedge funds have added to or reduced their stakes in MMI. BlackRock Advisors LLC raised its stake in Marcus & Millichap by 6.5% in the fourth quarter. BlackRock Advisors LLC now owns 751,988 shares of the real estate investment trust’s stock worth $21,913,000 after buying an additional 45,730 shares during the period. Dimensional Fund Advisors LP raised its stake 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 worth $10,143,000 after buying an additional 51,638 shares during the period. Finally, Jennison Associates LLC raised its stake 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 worth $12,523,000 after buying an additional 53,655 shares during the period.

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.

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