Favorable News Coverage Extremely Unlikely to Impact Marcus & Millichap (MMI) Stock Price
Media headlines about Marcus & Millichap (NYSE:MMI) have been trending positive on Monday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marcus & Millichap earned a news sentiment score of 0.37 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 2 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Marcus & Millichap, Inc. (NYSE:MMI) Stock Traded Significantly Above Its 50 Day Average (highlightpress.com)
- Marcus & Millichap : Arranges the Sale of a 88-Unit Apartment Building (4-traders.com)
- Marcus & Millichap : Arranges the Sale of a 64-Unit Apartment Building (4-traders.com)
- Grocers Could Breathe New Life Into Retail Property Market (finance.yahoo.com)
- IPA Florida Launches in Tampa (finance.yahoo.com)
Shares of Marcus & Millichap (NYSE:MMI) opened at 26.885 on Monday. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 16.919 and a beta of 1.57. Marcus & Millichap has a 52-week low of $22.93 and a 52-week high of $30.31. The firm has a 50-day moving average price of $24.97 and a 200 day moving average price of $25.69.
Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The firm had revenue of $153.20 million for the quarter, compared to analyst estimates of $150.57 million. Marcus & Millichap had a return on equity of 24.81% and a net margin of 8.75%. Marcus & Millichap’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 earnings per share. Analysts expect that Marcus & Millichap will post $1.38 earnings per share for the current year.
MMI has been the subject of a number of recent research reports. BidaskClub downgraded shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine downgraded shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, William Blair downgraded shares of Marcus & Millichap from an “outperform” rating to a “market perform” rating in a report on Friday, March 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Marcus & Millichap currently has an average rating of “Hold” and an average target price of $27.00.
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In other Marcus & Millichap news, CEO Hessam Nadji sold 8,500 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $24.41, for a total transaction of $207,485.00. Following the sale, the chief executive officer now directly owns 305,161 shares in the company, valued at $7,448,980.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 58.30% of the stock is currently owned by insiders.
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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