Linden Thomas Advisory Services LLC Grows Stock Holdings in Marcus & Millichap, Inc. $MMI

Linden Thomas Advisory Services LLC boosted its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 42.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,451 shares of the real estate investment trust’s stock after purchasing an additional 2,534 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Marcus & Millichap were worth $260,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. AlphaQuest LLC raised its stake in Marcus & Millichap by 410.6% during the first quarter. AlphaQuest LLC now owns 2,931 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 2,357 shares in the last quarter. Strs Ohio bought a new position in Marcus & Millichap during the first quarter valued at $145,000. MQS Management LLC bought a new position in Marcus & Millichap during the first quarter valued at $210,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Marcus & Millichap during the first quarter valued at $279,000. Finally, Inspire Investing LLC increased its position in Marcus & Millichap by 28.0% during the second quarter. Inspire Investing LLC now owns 12,847 shares of the real estate investment trust’s stock valued at $395,000 after acquiring an additional 2,807 shares during the last quarter. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MMI. Wall Street Zen cut shares of Marcus & Millichap from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Wells Fargo & Company cut their price objective on shares of Marcus & Millichap from $30.00 to $29.00 and set an “underweight” rating on the stock in a research report on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of Marcus & Millichap in a research report on Wednesday, October 8th. Citizens Jmp began coverage on shares of Marcus & Millichap in a research report on Monday, July 21st. They set a “market perform” rating on the stock. Finally, JMP Securities began coverage on shares of Marcus & Millichap in a research report on Monday, July 21st. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Marcus & Millichap currently has a consensus rating of “Reduce” and a consensus target price of $29.00.

Marcus & Millichap Price Performance

NYSE:MMI opened at $31.19 on Tuesday. Marcus & Millichap, Inc. has a 1-year low of $27.35 and a 1-year high of $42.80. The company has a 50-day moving average of $30.73 and a 200 day moving average of $30.60. The firm has a market cap of $1.22 billion, a PE ratio of -100.61 and a beta of 1.28.

Marcus & Millichap (NYSE:MMI) last released its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.24). Marcus & Millichap had a negative return on equity of 1.99% and a negative net margin of 1.69%.The business had revenue of $172.28 million during the quarter, compared to analysts’ expectations of $172.60 million.

Marcus & Millichap Announces Dividend

The firm also recently disclosed a half year 25 dividend, which was paid on Monday, October 6th. Investors of record on Monday, September 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a yield of 156.0%. Marcus & Millichap’s dividend payout ratio is -161.29%.

Marcus & Millichap 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.