Marcus & Millichap - MMI Stock Forecast, Price & News

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. It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, and preferred equity, as well as loan sales and consultative/due diligence services to commercial real estate owners, developers, investors, and capital providers. In addition, the company provides various ancillary services, including research, advisory, and consulting services to developers, lenders, owners, real estate investment trusts, high net worth individuals, pension fund advisors, and other institutions. Marcus & Millichap, Inc. was founded in 1971 and is headquartered in Calabasas, California.

Analyst Ratings Changes

Separately, StockNews.com cut Marcus & Millichap from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 4th.

Marcus & Millichap Trading Down 2.0 %

MMI opened at $39.61 on Wednesday. The business's 50 day moving average is $38.03 and its 200-day moving average is $43.98. The stock has a market cap of $1.54 billion, a PE ratio of 9.39 and a beta of 0.97. Marcus & Millichap has a twelve month low of $34.13 and a twelve month high of $58.33.

Marcus & Millichap (NYSE:MMI - Get Rating) last announced its earnings results on Friday, August 5th. The real estate investment trust reported $1.04 EPS for the quarter, topping the consensus estimate of $0.84 by $0.20. Marcus & Millichap had a return on equity of 25.12% and a net margin of 11.07%. During the same quarter in the previous year, the business earned $0.78 EPS.

Marcus & Millichap Dividend Announcement

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 6th. Investors of record on Thursday, September 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, September 14th. This represents a yield of 1.2%. Marcus & Millichap's payout ratio is 11.85%.

Insider Buying and Selling

In related news, COO John David Parker sold 2,447 shares of the business's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $41.00, for a total transaction of $100,327.00. Following the sale, the chief operating officer now owns 645 shares of the company's stock, valued at $26,445. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Marcus & Millichap news, COO John David Parker sold 2,447 shares of Marcus & Millichap stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $41.00, for a total value of $100,327.00. Following the transaction, the chief operating officer now owns 645 shares in the company, valued at $26,445. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Richard D. Matricaria sold 6,695 shares of Marcus & Millichap stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $41.79, for a total transaction of $279,784.05. The disclosure for this sale can be found here. 38.80% of the stock is owned by corporate insiders.