Marcus & Millichap (NYSE:MMI – Get Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.
Marcus & Millichap Stock Performance
Shares of MMI stock traded up $0.10 during trading hours on Friday, hitting $31.52. The company had a trading volume of 580,769 shares, compared to its average volume of 152,321. Marcus & Millichap has a 12 month low of $26.81 and a 12 month high of $44.24. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -31.52 and a beta of 1.10. The firm’s fifty day moving average is $32.32 and its 200 day moving average is $35.24.
Marcus & Millichap (NYSE:MMI – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported ($0.26) earnings per share for the quarter. The company had revenue of $129.10 million during the quarter. Marcus & Millichap had a negative net margin of 6.16% and a negative return on equity of 5.91%.
Insider Buying and Selling
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Signaturefd LLC boosted its position in Marcus & Millichap by 112.6% in the 4th quarter. Signaturefd LLC now owns 623 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 330 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Marcus & Millichap in the 1st quarter valued at $85,000. EntryPoint Capital LLC acquired a new position in shares of Marcus & Millichap in the 1st quarter valued at $85,000. LRI Investments LLC acquired a new position in shares of Marcus & Millichap in the 1st quarter valued at $143,000. Finally, Scharf Investments LLC acquired a new position in shares of Marcus & Millichap in the 4th quarter valued at $217,000. 62.78% of the stock is currently owned by institutional investors.
Marcus & Millichap Company Profile
Marcus & Millichap, Inc, an investment brokerage company, provides real estate 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, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.
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