Marcus & Millichap (NYSE:MMI) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

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 traded.

Marcus & Millichap Trading Down 2.9 %

The stock’s 50-day simple moving average is $37.43 and its 200-day simple moving average is $38.54. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -117.27 and a beta of 1.16.

Marcus & Millichap (NYSE:MMI) last announced its earnings results on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.28. Marcus & Millichap had a negative net margin of 1.78% and a negative return on equity of 1.98%. The firm had revenue of $240.08 million for the quarter. During the same quarter in the previous year, the company earned ($0.27) EPS.

Marcus & Millichap Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a dividend yield of 1.3%. Marcus & Millichap’s payout ratio is presently -156.25%.

Institutional Trading of Marcus & Millichap

Large investors have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its position in shares of Marcus & Millichap by 807.2% during the 4th quarter. Sterling Capital Management LLC now owns 753 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 670 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Marcus & Millichap during the 4th quarter worth approximately $66,000. State of Wyoming acquired a new stake in shares of Marcus & Millichap during the 4th quarter worth approximately $156,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Marcus & Millichap during the 4th quarter worth approximately $172,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Marcus & Millichap by 8.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock worth $205,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 62.78% of the company’s stock.

About Marcus & Millichap

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.