Equities researchers at JMP Securities assumed coverage on shares of Marcus & Millichap (NYSE:MMI - Get Free Report) in a research note issued on Monday,Benzinga reports. The brokerage set a "market perform" rating on the real estate investment trust's stock.
Marcus & Millichap Price Performance
MMI stock traded up $0.25 during midday trading on Monday, reaching $31.57. 13,571 shares of the stock were exchanged, compared to its average volume of 123,422. The company has a fifty day moving average price of $30.34 and a 200 day moving average price of $33.22. Marcus & Millichap has a 52 week low of $27.61 and a 52 week high of $42.80. The stock has a market capitalization of $1.23 billion, a PE ratio of -185.71 and a beta of 1.23.
Marcus & Millichap (NYSE:MMI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.05. Marcus & Millichap had a negative return on equity of 1.09% and a negative net margin of 0.95%. The company had revenue of $145.04 million during the quarter, compared to the consensus estimate of $140.20 million.
Institutional Investors Weigh In On Marcus & Millichap
A number of institutional investors have recently made changes to their positions in MMI. Reinhart Partners LLC. grew its position in shares of Marcus & Millichap by 13.3% in the 1st quarter. Reinhart Partners LLC. now owns 2,162,935 shares of the real estate investment trust's stock valued at $74,513,000 after buying an additional 253,444 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Marcus & Millichap in the first quarter valued at approximately $6,045,000. Nuveen LLC bought a new stake in Marcus & Millichap in the first quarter valued at approximately $2,570,000. Norges Bank bought a new stake in Marcus & Millichap in the fourth quarter valued at approximately $2,727,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Marcus & Millichap by 61.5% in the 4th quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust's stock valued at $4,709,000 after purchasing an additional 46,865 shares during the last quarter. Institutional investors own 62.78% of the company's stock.
About Marcus & Millichap
(
Get Free Report)
Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.
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