Marcus & Millichap (NYSE:MMI) Earns Coverage Optimism Score of -3.00

News headlines about Marcus & Millichap (NYSE:MMI) have trended very negative recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of press coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Marcus & Millichap earned a coverage optimism score of -3.00 on their scale. InfoTrie also gave media stories about the real estate investment trust an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.

A number of brokerages have recently commented on MMI. ValuEngine upgraded shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Zacks Investment Research cut shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Wednesday.

Shares of NYSE MMI traded up $0.76 during mid-day trading on Friday, reaching $35.75. The company’s stock had a trading volume of 241,606 shares, compared to its average volume of 151,353. The stock has a 50-day moving average of $35.41 and a two-hundred day moving average of $34.24. The stock has a market capitalization of $1.37 billion, a P/E ratio of 16.10, a P/E/G ratio of 3.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.36 and a current ratio of 4.57. Marcus & Millichap has a 1-year low of $27.84 and a 1-year high of $43.50.

Marcus & Millichap (NYSE:MMI) last issued its earnings results on Thursday, November 7th. The real estate investment trust reported $0.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.49. The business had revenue of $198.20 million during the quarter, compared to analysts’ expectations of $207.27 million. Marcus & Millichap had a net margin of 10.32% and a return on equity of 18.75%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. Analysts predict that Marcus & Millichap will post 1.91 EPS for the current fiscal year.

In other news, CEO Hessam Nadji sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $35.47, for a total value of $354,700.00. Following the completion of the sale, the chief executive officer now directly owns 262,792 shares in the company, valued at $9,321,232.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 41.70% of the stock is owned by corporate insiders.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc, a 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, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties.

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