Wall Street Zen lowered shares of Marcus & Millichap (NYSE:MMI – Free Report) from a strong-buy rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings upgraded 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $28.00.
View Our Latest Stock Report on MMI
Marcus & Millichap Trading Down 0.7%
Marcus & Millichap (NYSE:MMI – Get Free Report) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. The business had revenue of $202.91 million during the quarter, compared to the consensus estimate of $194.30 million. Marcus & Millichap had a return on equity of 2.97% and a net margin of 1.77%.
Marcus & Millichap Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be paid a $0.25 dividend. This represents a yield of 163.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Marcus & Millichap’s dividend payout ratio (DPR) is presently 135.14%.
Hedge Funds Weigh In On Marcus & Millichap
Hedge funds and other institutional investors have recently bought and sold shares of the company. Compass Financial Management LLC acquired a new stake in Marcus & Millichap in the second quarter valued at $25,000. Kestra Advisory Services LLC acquired a new position in shares of Marcus & Millichap during the 4th quarter worth $30,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Marcus & Millichap by 79,800.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,598 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 1,596 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Marcus & Millichap in the 2nd quarter worth about $46,000. Finally, State of Wyoming acquired a new stake in Marcus & Millichap in the 1st quarter valued at about $64,000. 62.78% of the stock is owned by institutional investors and hedge funds.
About Marcus & Millichap
Marcus & Millichap (NYSE: MMI) is a leading commercial real estate brokerage firm focused on investment sales, financing, research and advisory services. Founded in 1971 by George M. Marcus and William A. Millichap, the company has grown to specialize in the marketing of multifamily, retail, office, industrial, hospitality and other commercial property types. Through an extensive network of investment specialists, Marcus & Millichap connects property owners and investors with tailored transactions across a range of asset classes.
The firm offers comprehensive capital markets solutions, including debt and equity placement, structured finance, and customized financing programs.
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