Marcus & Millichap, Inc. (NYSE:MMI) – Investment analysts at William Blair issued their Q4 2017 earnings estimates for shares of Marcus & Millichap in a research report issued to clients and investors on Tuesday. William Blair analyst B. Dobell expects that the real estate investment trust will post earnings of $0.43 per share for the quarter. William Blair also issued estimates for Marcus & Millichap’s Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.49 EPS and FY2018 earnings at $1.60 EPS.
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Other equities research analysts have also issued reports about the company. BidaskClub raised Marcus & Millichap from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $31.00 target price (up from $25.00) on shares of Marcus & Millichap in a research report on Wednesday. Six analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $31.00.
Shares of Marcus & Millichap (MMI) opened at $30.08 on Friday. The stock has a market capitalization of $1,147.28, a price-to-earnings ratio of 19.53, a PEG ratio of 3.31 and a beta of 1.55. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.03. Marcus & Millichap has a 52-week low of $23.22 and a 52-week high of $30.98.
In related news, SVP William E. Hughes sold 6,000 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $28.00, for a total transaction of $168,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP William E. Hughes sold 2,199 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $27.99, for a total value of $61,550.01. Following the transaction, the senior vice president now directly owns 40,540 shares in the company, valued at $1,134,714.60. The disclosure for this sale can be found here. Insiders have sold 19,199 shares of company stock worth $523,190 over the last three months. 58.30% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its position in Marcus & Millichap by 94.1% during the third quarter. Wells Fargo & Company MN now owns 91,429 shares of the real estate investment trust’s stock valued at $2,468,000 after buying an additional 44,329 shares during the period. Citadel Advisors LLC raised its position in Marcus & Millichap by 35.8% during the third quarter. Citadel Advisors LLC now owns 83,446 shares of the real estate investment trust’s stock valued at $2,252,000 after buying an additional 22,020 shares during the period. Schroder Investment Management Group acquired a new position in Marcus & Millichap during the third quarter valued at $387,000. Fuller & Thaler Asset Management Inc. grew its stake in Marcus & Millichap by 276.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 30,100 shares of the real estate investment trust’s stock valued at $812,000 after purchasing an additional 22,100 shares in the last quarter. Finally, Malaga Cove Capital LLC purchased a new position in Marcus & Millichap in the third quarter valued at about $588,000. 42.13% of the stock is currently owned by hedge funds and other institutional investors.
About Marcus & Millichap
Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.
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