Marcus & Millichap Inc. (NYSE:MMI) SVP William E. Hughes sold 5,500 shares of Marcus & Millichap stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $27.51, for a total transaction of $151,305.00. Following the completion of the transaction, the senior vice president now directly owns 40,540 shares in the company, valued at $1,115,255.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Marcus & Millichap Inc. (NYSE:MMI) opened at 27.86 on Wednesday. Marcus & Millichap Inc. has a 1-year low of $18.77 and a 1-year high of $32.99. The company has a market cap of $1.05 billion, a PE ratio of 16.20 and a beta of 1.53. The firm’s 50 day moving average is $24.91 and its 200-day moving average is $25.82.

Marcus & Millichap (NYSE:MMI) last released its earnings results on Thursday, November 3rd. The real estate investment trust reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Marcus & Millichap had a net margin of 9.22% and a return on equity of 31.33%. The company had revenue of $180.63 million for the quarter, compared to analyst estimates of $169.80 million. During the same quarter last year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities analysts expect that Marcus & Millichap Inc. will post $1.70 earnings per share for the current year.

Insider Buying and Selling by Quarter for Marcus & Millichap (NYSE:MMI)

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Institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its position in Marcus & Millichap by 48.0% in the second quarter. Royce & Associates LP now owns 2,365,410 shares of the real estate investment trust’s stock valued at $60,105,000 after buying an additional 767,478 shares in the last quarter. Route One Investment Company L.P. raised its position in Marcus & Millichap by 14.0% in the second quarter. Route One Investment Company L.P. now owns 1,134,956 shares of the real estate investment trust’s stock valued at $28,839,000 after buying an additional 139,780 shares in the last quarter. Vanguard Group Inc. raised its position in Marcus & Millichap by 2.9% in the second quarter. Vanguard Group Inc. now owns 1,043,513 shares of the real estate investment trust’s stock valued at $26,515,000 after buying an additional 29,272 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Marcus & Millichap by 3.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 670,152 shares of the real estate investment trust’s stock valued at $17,029,000 after buying an additional 24,873 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its position in Marcus & Millichap by 0.6% in the second quarter. Lord Abbett & CO. LLC now owns 437,967 shares of the real estate investment trust’s stock valued at $11,129,000 after buying an additional 2,806 shares in the last quarter. 33.84% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. TheStreet raised shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a research note on Monday, October 31st.

About Marcus & Millichap

Marcus & Millichap, Inc is a brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. The Company also offers market research, consulting and advisory services to its clients. It also offers two services to its clients, such as commercial real estate investment brokerage, and financing and ancillary services.

5 Day Chart for NYSE:MMI

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