Marcus & Millichap (NYSE:MMI) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Marcus & Millichap, Inc. (NYSE:MMI)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $38.54 and traded as high as $39.04. Marcus & Millichap shares last traded at $37.53, with a volume of 116,027 shares changing hands.

Marcus & Millichap Stock Performance

The firm has a market cap of $1.46 billion, a PE ratio of -117.27 and a beta of 1.16. The company’s 50-day simple moving average is $37.43 and its two-hundred day simple moving average is $38.54.

Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings data on Friday, February 14th. The real estate investment trust reported $0.22 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.28. The firm had revenue of $240.08 million during the quarter. Marcus & Millichap had a negative net margin of 1.78% and a negative return on equity of 1.98%. During the same period last year, the company posted ($0.27) earnings per share.

Marcus & Millichap Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Wednesday, March 12th will be issued a $0.25 dividend. This represents a yield of 1.3%. The ex-dividend date is Wednesday, March 12th. Marcus & Millichap’s dividend payout ratio (DPR) is currently -156.25%.

Hedge Funds Weigh In On Marcus & Millichap

Several hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC boosted its holdings in Marcus & Millichap by 807.2% in the fourth quarter. Sterling Capital Management LLC now owns 753 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 670 shares in the last quarter. R Squared Ltd bought a new position in Marcus & Millichap in the 4th quarter worth $66,000. State of Wyoming purchased a new stake in shares of Marcus & Millichap in the 4th quarter worth about $156,000. KLP Kapitalforvaltning AS bought a new stake in shares of Marcus & Millichap during the 4th quarter valued at about $172,000. Finally, BNP Paribas Financial Markets increased its position in shares of Marcus & Millichap by 8.4% during the third quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 400 shares during the period. 62.78% of the stock is owned by hedge funds and other institutional investors.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.