Marcus & Millichap (NYSE:MMI) Earns Market Perform Rating from Analysts at Citizens Jmp

Citizens Jmp started coverage on shares of Marcus & Millichap (NYSE:MMI - Free Report) in a research report released on Monday, Marketbeat.com reports. The brokerage issued a market perform rating on the real estate investment trust's stock.

Separately, JMP Securities began coverage on Marcus & Millichap in a report on Monday. They issued a "market perform" rating on the stock.

Marcus & Millichap Stock Performance

Shares of MMI stock traded up $0.25 during trading hours on Monday, reaching $31.57. The company had a trading volume of 13,571 shares, compared to its average volume of 123,422. Marcus & Millichap has a 12-month low of $27.61 and a 12-month high of $42.80. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -185.71 and a beta of 1.23. The stock has a fifty day moving average of $30.34 and a 200-day moving average of $33.22.

Marcus & Millichap (NYSE:MMI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.05. Marcus & Millichap had a negative net margin of 0.95% and a negative return on equity of 1.09%. The firm had revenue of $145.04 million during the quarter, compared to analyst estimates of $140.20 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MMI. Natixis Advisors LLC boosted its stake in shares of Marcus & Millichap by 6.7% in the 4th quarter. Natixis Advisors LLC now owns 22,815 shares of the real estate investment trust's stock valued at $873,000 after buying an additional 1,438 shares during the period. American Century Companies Inc. grew its holdings in Marcus & Millichap by 9.7% during the 4th quarter. American Century Companies Inc. now owns 55,286 shares of the real estate investment trust's stock worth $2,115,000 after acquiring an additional 4,866 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Marcus & Millichap in the 4th quarter valued at approximately $172,000. LPL Financial LLC raised its holdings in shares of Marcus & Millichap by 17.8% in the 4th quarter. LPL Financial LLC now owns 13,256 shares of the real estate investment trust's stock valued at $507,000 after purchasing an additional 1,999 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Marcus & Millichap by 61.5% during the fourth quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust's stock worth $4,709,000 after purchasing an additional 46,865 shares in the last quarter. 62.78% of the stock is currently owned by hedge funds and other institutional investors.

About Marcus & Millichap

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.