Marcus & Millichap (NYSE:MMI) Stock Rating Lowered by Wall Street Zen

Marcus & Millichap (NYSE:MMI) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Marcus & Millichap from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $28.00.

Marcus & Millichap Trading Down 0.5%

NYSE MMI opened at $27.62 on Friday. The stock’s 50-day moving average price is $29.33 and its two-hundred day moving average price is $28.79. The company has a market cap of $1.05 billion, a PE ratio of 70.82 and a beta of 1.25. Marcus & Millichap has a 1 year low of $24.43 and a 1 year high of $33.55.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data on Friday, November 6th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Marcus & Millichap had a net margin of 1.83% and a return on equity of 2.60%. The firm had revenue of $208.37 million for the quarter, compared to analysts’ expectations of $205.05 million.

Institutional Trading of Marcus & Millichap

A number of hedge funds have recently made changes to their positions in MMI. Illinois Municipal Retirement Fund raised its holdings in Marcus & Millichap by 6.1% during the third quarter. Illinois Municipal Retirement Fund now owns 12,535 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 723 shares in the last quarter. CenterBook Partners LP acquired a new stake in shares of Marcus & Millichap in the third quarter worth about $324,000. State of Wyoming boosted its stake in shares of Marcus & Millichap by 176.0% during the 3rd quarter. State of Wyoming now owns 6,801 shares of the real estate investment trust’s stock worth $193,000 after acquiring an additional 4,337 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Marcus & Millichap by 3.1% during the 3rd quarter. Inspire Investing LLC now owns 22,455 shares of the real estate investment trust’s stock worth $639,000 after acquiring an additional 675 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Marcus & Millichap by 283.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,898 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 5,100 shares in the last quarter. 62.78% of the stock is owned by hedge funds and other institutional investors.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc is a commercial real estate brokerage company that specializes in investment sales, financing and advisory services. The company serves owners and investors in a range of property sectors, including multifamily, office, retail, industrial, self-storage, hospitality and land.

Through its brokerage professionals and investment banking platform, Marcus & Millichap helps clients market and acquire commercial properties, arrange financing and evaluate real estate investment opportunities.