Marcus & Millichap (NYSE:MMI) Sets New 1-Year Low – Should You Sell?

Marcus & Millichap, Inc. (NYSE:MMI)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $24.70 and last traded at $25.0180, with a volume of 135146 shares traded. The stock had previously closed at $26.12.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MMI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Marcus & Millichap in a report on Monday, December 29th. Wells Fargo & Company reduced their price target on shares of Marcus & Millichap from $29.00 to $28.00 and set an “underweight” rating for the company in a research report on Monday, February 2nd. Finally, Wall Street Zen cut shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Marcus & Millichap presently has a consensus rating of “Reduce” and a consensus target price of $28.00.

Marcus & Millichap Stock Performance

The business has a 50-day moving average of $27.20 and a 200-day moving average of $29.27. The stock has a market capitalization of $977.05 million, a price-to-earnings ratio of -156.90 and a beta of 1.32.

Marcus & Millichap Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 13th will be issued a $0.25 dividend. This represents a dividend yield of 190.0%. The ex-dividend date is Friday, March 13th. Marcus & Millichap’s dividend payout ratio is currently -312.50%.

Institutional Trading of Marcus & Millichap

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC boosted its position in shares of Marcus & Millichap by 299.6% during the third quarter. CWM LLC now owns 3,261 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 2,445 shares during the period. LRI Investments LLC lifted its stake in Marcus & Millichap by 316.2% during the 3rd quarter. LRI Investments LLC now owns 3,484 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 2,647 shares in the last quarter. Strs Ohio purchased a new position in Marcus & Millichap during the 1st quarter valued at about $145,000. Quantbot Technologies LP purchased a new position in Marcus & Millichap during the 2nd quarter valued at about $137,000. Finally, Tower Research Capital LLC TRC grew its position in Marcus & Millichap by 769.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,286 shares of the real estate investment trust’s stock valued at $162,000 after acquiring an additional 4,678 shares in the last quarter. Hedge funds and other institutional investors own 62.78% of the company’s stock.

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.