WINTON GROUP Ltd increased its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI – Free Report) by 74.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 79,750 shares of the real estate investment trust’s stock after buying an additional 33,983 shares during the quarter. WINTON GROUP Ltd’s holdings in Marcus & Millichap were worth $2,486,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its stake in Marcus & Millichap by 42.8% in the first quarter. AQR Capital Management LLC now owns 13,702 shares of the real estate investment trust’s stock valued at $472,000 after acquiring an additional 4,110 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Marcus & Millichap by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,952 shares of the real estate investment trust’s stock worth $481,000 after purchasing an additional 600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Marcus & Millichap by 12.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,339 shares of the real estate investment trust’s stock worth $2,664,000 after purchasing an additional 8,369 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Marcus & Millichap by 325.7% in the 1st quarter. Jane Street Group LLC now owns 43,091 shares of the real estate investment trust’s stock worth $1,484,000 after purchasing an additional 32,968 shares during the period. Finally, Strs Ohio bought a new stake in shares of Marcus & Millichap in the 1st quarter worth approximately $145,000. Institutional investors own 62.78% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on MMI shares. Weiss Ratings raised Marcus & Millichap from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Wall Street Zen lowered Marcus & Millichap from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $28.00.
Marcus & Millichap Price Performance
NYSE MMI opened at $31.26 on Friday. The company’s 50 day simple moving average is $31.35 and its two-hundred day simple moving average is $29.21. Marcus & Millichap, Inc. has a 1 year low of $24.43 and a 1 year high of $33.55. The stock has a market capitalization of $1.18 billion, a PE ratio of 84.48 and a beta of 1.23.
Marcus & Millichap (NYSE:MMI – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. The firm had revenue of $202.91 million during the quarter, compared to analyst estimates of $194.30 million. Marcus & Millichap had a net margin of 1.77% and a return on equity of 2.97%.
Marcus & Millichap Dividend Announcement
The firm also recently announced a dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be given a dividend of $0.25 per share. This represents a yield of 163.0%. The ex-dividend date is Tuesday, September 15th. Marcus & Millichap’s payout ratio is presently 135.14%.
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.
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