Marcus & Millichap Inc (NYSE:MMI) Director George M. Marcus sold 15,258 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $37.01, for a total transaction of $564,698.58. Following the completion of the transaction, the director now owns 18,021 shares in the company, valued at $666,957.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MMI opened at $36.27 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.67 and a current ratio of 4.67. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 3.05 and a beta of 1.13. Marcus & Millichap Inc has a twelve month low of $28.89 and a twelve month high of $41.45.

Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings results on Wednesday, November 7th. The real estate investment trust reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.04. The company had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $192.58 million. Marcus & Millichap had a net margin of 8.83% and a return on equity of 23.36%. Marcus & Millichap’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. As a group, research analysts anticipate that Marcus & Millichap Inc will post 2.01 earnings per share for the current fiscal year.

A number of research firms have weighed in on MMI. Zacks Investment Research upgraded shares of Marcus & Millichap from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, November 13th. ValuEngine upgraded shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. Finally, JMP Securities cut shares of Marcus & Millichap from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $41.67.

Several hedge funds have recently made changes to their positions in MMI. BlackRock Inc. lifted its stake in shares of Marcus & Millichap by 82.9% during the 2nd quarter. BlackRock Inc. now owns 1,943,505 shares of the real estate investment trust’s stock valued at $75,817,000 after buying an additional 880,988 shares in the last quarter. Matarin Capital Management LLC purchased a new stake in shares of Marcus & Millichap during the 3rd quarter valued at approximately $10,868,000. Royce & Associates LP lifted its stake in shares of Marcus & Millichap by 10.9% during the 3rd quarter. Royce & Associates LP now owns 2,945,718 shares of the real estate investment trust’s stock valued at $102,246,000 after buying an additional 289,448 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Marcus & Millichap by 114.9% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 297,110 shares of the real estate investment trust’s stock valued at $10,313,000 after buying an additional 158,832 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Marcus & Millichap during the 3rd quarter valued at approximately $3,780,000. Institutional investors own 52.40% of the company’s stock.

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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.

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