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

Marcus & Millichap logo with Finance background

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

Separately, JMP Securities initiated coverage on Marcus & Millichap in a research note on Monday. They set a "market perform" rating on the stock.

Check Out Our Latest Stock Report on MMI

Marcus & Millichap Stock Down 1.7%

Shares of MMI opened at $30.88 on Monday. Marcus & Millichap has a 52-week low of $27.61 and a 52-week high of $42.80. The company has a market cap of $1.20 billion, a PE ratio of -181.64 and a beta of 1.23. The business has a fifty day moving average of $30.31 and a 200 day moving average of $33.29.

Marcus & Millichap (NYSE:MMI - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported ($0.11) earnings per share for the quarter, topping 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 business had revenue of $145.04 million during the quarter, compared to the consensus estimate of $140.20 million.

Hedge Funds Weigh In On Marcus & Millichap

Institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC grew its stake in Marcus & Millichap by 807.2% in the fourth quarter. Sterling Capital Management LLC now owns 753 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 670 shares during the last quarter. AlphaQuest LLC grew its stake in Marcus & Millichap by 410.6% in the first quarter. AlphaQuest LLC now owns 2,931 shares of the real estate investment trust's stock valued at $101,000 after purchasing an additional 2,357 shares during the last quarter. Strs Ohio purchased a new position in Marcus & Millichap in the first quarter valued at about $145,000. State of Wyoming purchased a new position in Marcus & Millichap in the fourth quarter valued at about $156,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Marcus & Millichap in the fourth quarter valued at about $172,000. Hedge funds and other 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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