Marcus & Millichap, Inc. (NYSE:MMI - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.41 and traded as high as $30.92. Marcus & Millichap shares last traded at $30.89, with a volume of 182,330 shares traded.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on MMI. Wall Street Zen lowered shares of Marcus & Millichap from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 5th. Weiss Ratings raised Marcus & Millichap from a "sell (d)" rating to a "hold (c-)" rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $28.00.
Check Out Our Latest Report on MMI
Marcus & Millichap Stock Performance
The company has a 50-day moving average of $31.29 and a 200-day moving average of $29.41. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 83.49 and a beta of 1.23.
Marcus & Millichap (NYSE:MMI - Get Free Report) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $0.10 EPS for the quarter, topping the consensus estimate of $0.03 by $0.07. Marcus & Millichap had a net margin of 1.77% and a return on equity of 2.97%. The firm had revenue of $202.91 million for the quarter, compared to the consensus estimate of $194.30 million.
Marcus & Millichap Announces Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.25 per share. This represents a dividend yield of 162.0%. The ex-dividend date is Tuesday, September 15th. Marcus & Millichap's dividend payout ratio (DPR) is presently 135.14%.
Hedge Funds Weigh In On Marcus & Millichap
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Compass Financial Management LLC acquired a new stake in shares of Marcus & Millichap in the 2nd quarter valued at about $25,000. Allworth Financial LP acquired a new position in shares of Marcus & Millichap during the second quarter worth about $46,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Marcus & Millichap by 79,800.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,598 shares of the real estate investment trust's stock worth $44,000 after buying an additional 1,596 shares during the period. State of Wyoming bought a new position in shares of Marcus & Millichap during the first quarter worth about $64,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Marcus & Millichap during the second quarter worth about $85,000. 62.78% of the stock is owned by institutional investors and hedge funds.
Marcus & Millichap Company Profile
(
Get Free Report)
Marcus & Millichap, Inc is a commercial real estate brokerage and investment services company that specializes in the sale, financing, research and advisory of investment properties. Its platform serves private investors, institutions, developers and other real estate owners across a range of property types, including multifamily, retail, industrial, office, self-storage, hospitality, senior housing and manufactured housing.
The company provides investment sales and brokerage services through its Marcus & Millichap brand.
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