Headlines about Marcus & Millichap (NYSE:MMI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Marcus & Millichap earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.892452399812 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Marcus & Millichap (MMI) Given Market Perform Rating at Wells Fargo (americanbankingnews.com)
- Insider Selling: Marcus & Millichap Inc (MMI) Director Sells 50,000 Shares of Stock (americanbankingnews.com)
- Marcus & Millichap Inc (MMI) Major Shareholder Phoenix Investments Holdings L Sells 199,010 Shares (americanbankingnews.com)
- Jordyn Berger Joins IPA in Chicago as a Director of Seniors Housing (finance.yahoo.com)
- Marcus & Millichap (MMI) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
A number of research firms recently commented on MMI. Wells Fargo set a $37.00 target price on Marcus & Millichap and gave the company a “hold” rating in a research note on Wednesday. William Blair reissued a “market perform” rating on shares of Marcus & Millichap in a research note on Thursday, February 1st. Zacks Investment Research cut Marcus & Millichap from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. ValuEngine raised Marcus & Millichap from a “hold” rating to a “buy” rating in a research note on Saturday, March 10th. Finally, JMP Securities raised Marcus & Millichap from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $38.50.
Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Thursday, March 8th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.12. Marcus & Millichap had a return on equity of 21.35% and a net margin of 7.16%. The firm had revenue of $202.80 million for the quarter, compared to analysts’ expectations of $189.10 million. During the same period last year, the firm earned $0.44 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. sell-side analysts anticipate that Marcus & Millichap will post 1.81 EPS for the current fiscal year.
In other news, SVP William E. Hughes sold 12,255 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $36.00, for a total transaction of $441,180.00. Following the completion of the sale, the senior vice president now directly owns 61,701 shares in the company, valued at $2,221,236. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Hessam Nadji sold 15,196 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $32.39, for a total transaction of $492,198.44. Following the sale, the chief executive officer now owns 288,727 shares of the company’s stock, valued at $9,351,867.53. The disclosure for this sale can be found here. Insiders have sold 679,750 shares of company stock worth $24,204,890 over the last ninety days. Insiders own 58.30% of the company’s stock.
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About Marcus & Millichap
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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