Somewhat Positive News Coverage Somewhat Unlikely to Impact Marcus & Millichap (MMI) Share Price

News articles about Marcus & Millichap (NYSE:MMI) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marcus & Millichap earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 43.2276051551498 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

NYSE MMI opened at $34.88 on Monday. The company has a market cap of $1,330.35, a PE ratio of 21.53, a PEG ratio of 3.01 and a beta of 1.31. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.85 and a quick ratio of 3.85. Marcus & Millichap has a 1-year low of $23.40 and a 1-year high of $36.70.

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Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data on Thursday, March 8th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.12. The company had revenue of $202.80 million during the quarter, compared to analyst estimates of $189.10 million. Marcus & Millichap had a net margin of 7.16% and a return on equity of 21.35%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.44 earnings per share. equities analysts predict that Marcus & Millichap will post 1.93 earnings per share for the current year.

A number of brokerages have commented on MMI. William Blair restated a “market perform” rating on shares of Marcus & Millichap in a research note on Thursday, February 1st. Zacks Investment Research lowered shares of Marcus & Millichap from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Wells Fargo set a $37.00 price objective on shares of Marcus & Millichap and gave the stock a “hold” rating in a report on Wednesday, March 21st. ValuEngine raised shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. Finally, JMP Securities raised shares of Marcus & Millichap from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Marcus & Millichap presently has a consensus rating of “Buy” and a consensus price target of $38.50.

In related news, CFO Martin E. Louie sold 7,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $28.90, for a total value of $225,420.00. Following the completion of the sale, the chief financial officer now owns 56,966 shares of the company’s stock, valued at $1,646,317.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Phoenix Investments Holdings L sold 218,446 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $36.03, for a total transaction of $7,870,609.38. Following the completion of the sale, the insider now directly owns 18,466,766 shares of the company’s stock, valued at approximately $665,357,578.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 679,569 shares of company stock valued at $24,301,869. Company insiders own 50.10% of the company’s stock.

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Marcus & Millichap Company Profile

Marcus & Millichap, Inc, a brokerage firm, provides 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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