Marcus & Millichap Inc (MMI) VP Mitchell R. Labar Sells 787 Shares

Marcus & Millichap Inc (NYSE:MMI) VP Mitchell R. Labar sold 787 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $38.46, for a total transaction of $30,268.02. The transaction was disclosed in a filing with the SEC, which is available at this link.

Mitchell R. Labar also recently made the following trade(s):

  • On Monday, February 25th, Mitchell R. Labar sold 9,127 shares of Marcus & Millichap stock. The shares were sold at an average price of $39.44, for a total transaction of $359,968.88.

Marcus & Millichap stock traded down $0.10 during mid-day trading on Friday, reaching $38.78. 196,200 shares of the company traded hands, compared to its average volume of 206,090. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.52 billion, a P/E ratio of 17.47, a PEG ratio of 2.98 and a beta of 1.25. Marcus & Millichap Inc has a 52-week low of $30.66 and a 52-week high of $41.45.



Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.13. The business had revenue of $230.30 million for the quarter, compared to the consensus estimate of $209.75 million. Marcus & Millichap had a net margin of 10.71% and a return on equity of 23.51%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. Analysts predict that Marcus & Millichap Inc will post 2.15 EPS for the current fiscal year.

MMI has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a report on Thursday, January 17th. Zacks Investment Research downgraded shares of Marcus & Millichap from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Marcus & Millichap has an average rating of “Hold” and an average price target of $41.67.

A number of institutional investors have recently modified their holdings of MMI. BlackRock Inc. increased its position in Marcus & Millichap by 81.3% during the 4th quarter. BlackRock Inc. now owns 3,756,301 shares of the real estate investment trust’s stock valued at $128,953,000 after purchasing an additional 1,684,313 shares during the period. Norges Bank purchased a new stake in shares of Marcus & Millichap in the 4th quarter worth about $13,004,000. Matarin Capital Management LLC purchased a new stake in shares of Marcus & Millichap in the 3rd quarter worth about $10,868,000. Vanguard Group Inc grew its position in shares of Marcus & Millichap by 11.5% in the 3rd quarter. Vanguard Group Inc now owns 2,867,177 shares of the real estate investment trust’s stock worth $99,519,000 after buying an additional 295,608 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Marcus & Millichap by 11.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,867,177 shares of the real estate investment trust’s stock worth $99,519,000 after buying an additional 295,608 shares during the period. 57.96% of the stock is currently owned by institutional investors and hedge funds.

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Marcus & Millichap Company Profile

Marcus & Millichap, Inc operates as a brokerage company specializing in commercial real estate investment sales, financing, research, and advisory services. The company provides investment brokerage and financing services to investors of all sizes and types of commercial real estate properties. It serves clients with one property, multiple properties, and investment portfolios.

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