Zacks Investment Research upgraded shares of Marcus & Millichap (NYSE:MMI) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports.

According to Zacks, “Marcus & Millichap, Inc. operates a brokerage firm specializing in real estate investments. It offers commercial real estate investment brokerage services for multifamily, retail, office, industrial, land, self-storage, seniors housing, manufactured housing, and mixed-use/other property types. The company also provides a range of advisory and consulting services to developers, lenders, owners, real estate investment trusts, high net worth individuals, pension fund advisors, and other institutions. Marcus & Millichap, Inc. is based in Calabasas, California. “

Separately, ValuEngine lowered Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd.

MMI stock opened at $31.67 on Wednesday. Marcus & Millichap has a 1 year low of $29.49 and a 1 year high of $43.50. The company has a current ratio of 4.64, a quick ratio of 4.64 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $31.00. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 2.80 and a beta of 1.33.

Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). Marcus & Millichap had a return on equity of 21.53% and a net margin of 10.60%. The business had revenue of $160.70 million for the quarter, compared to analysts’ expectations of $178.13 million. During the same period in the prior year, the company earned $0.46 EPS. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, analysts anticipate that Marcus & Millichap will post 1.86 EPS for the current year.

In other Marcus & Millichap news, VP Mitchell R. Labar sold 10,586 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $31.24, for a total transaction of $330,706.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 41.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Bank of Montreal Can increased its holdings in shares of Marcus & Millichap by 63.2% during the 1st quarter. Bank of Montreal Can now owns 775 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 300 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Marcus & Millichap by 8.5% during the 4th quarter. Advisor Group Inc. now owns 4,590 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 359 shares during the last quarter. NumerixS Investment Technologies Inc increased its holdings in shares of Marcus & Millichap by 4,100.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 4,100 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Marcus & Millichap by 286.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,775 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 3,538 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Marcus & Millichap during the 1st quarter worth $202,000. 57.43% of the stock is currently owned by institutional investors.

About Marcus & Millichap

Marcus & Millichap, Inc, a brokerage company, provides real estate 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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