Marcus & Millichap, Inc. (NYSE:MMI - Get Free Report) CEO Hessam Nadji sold 659 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $40.33, for a total value of $26,577.47. Following the completion of the transaction, the chief executive officer now directly owns 209,123 shares of the company's stock, valued at $8,433,930.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Hessam Nadji also recently made the following trade(s):
- On Friday, August 23rd, Hessam Nadji sold 13,241 shares of Marcus & Millichap stock. The stock was sold at an average price of $40.18, for a total value of $532,023.38.
- On Thursday, July 25th, Hessam Nadji sold 800 shares of Marcus & Millichap stock. The stock was sold at an average price of $40.03, for a total value of $32,024.00.
- On Friday, July 12th, Hessam Nadji sold 15,000 shares of Marcus & Millichap stock. The stock was sold at an average price of $35.27, for a total transaction of $529,050.00.
Marcus & Millichap Trading Up 0.5 %
Shares of MMI traded up $0.19 during trading hours on Monday, reaching $40.10. 70,417 shares of the stock traded hands, compared to its average volume of 140,918. The company has a market cap of $1.55 billion, a P/E ratio of -40.10 and a beta of 1.12. Marcus & Millichap, Inc. has a 52-week low of $26.81 and a 52-week high of $44.24. The company's 50-day moving average price is $35.56 and its two-hundred day moving average price is $34.37.
Marcus & Millichap (NYSE:MMI - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.01. The firm had revenue of $158.37 million for the quarter. Marcus & Millichap had a negative net margin of 6.16% and a negative return on equity of 5.91%.
Marcus & Millichap Announces Dividend
The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a dividend yield of 1.3%. Marcus & Millichap's payout ratio is -50.00%.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Marcus & Millichap from a "sell" rating to a "hold" rating in a research note on Wednesday, July 24th.
Get Our Latest Analysis on MMI
Institutional Trading of Marcus & Millichap
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Marcus & Millichap by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 3,841,718 shares of the real estate investment trust's stock worth $167,806,000 after buying an additional 37,821 shares during the period. Reinhart Partners LLC. increased its stake in Marcus & Millichap by 16.1% during the 2nd quarter. Reinhart Partners LLC. now owns 1,706,366 shares of the real estate investment trust's stock valued at $53,785,000 after buying an additional 236,324 shares during the period. Schroder Investment Management Group grew its stake in shares of Marcus & Millichap by 2.4% in the 4th quarter. Schroder Investment Management Group now owns 1,099,876 shares of the real estate investment trust's stock worth $48,043,000 after purchasing an additional 25,982 shares during the last quarter. Tributary Capital Management LLC grew its stake in shares of Marcus & Millichap by 10.6% in the 1st quarter. Tributary Capital Management LLC now owns 658,266 shares of the real estate investment trust's stock worth $22,493,000 after purchasing an additional 62,946 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its holdings in shares of Marcus & Millichap by 122.2% in the second quarter. Pzena Investment Management LLC now owns 641,667 shares of the real estate investment trust's stock worth $20,225,000 after buying an additional 352,832 shares during the period. Institutional investors and hedge funds own 62.78% of the company's stock.
About Marcus & Millichap
(
Get Free Report)
Marcus & Millichap, Inc, an investment 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, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.
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