First National Bank of Omaha acquired a new stake in shares of Marcus & Millichap, Inc. (NYSE:MMI – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm acquired 24,737 shares of the real estate investment trust’s stock, valued at approximately $771,000.
Other institutional investors have also recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of Marcus & Millichap in the fourth quarter valued at about $30,000. Caitong International Asset Management Co. Ltd boosted its holdings in Marcus & Millichap by 79,800.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,598 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,596 shares during the last quarter. State of Wyoming purchased a new position in Marcus & Millichap during the first quarter worth about $64,000. Strs Ohio bought a new stake in Marcus & Millichap in the 1st quarter worth about $145,000. Finally, Quantbot Technologies LP purchased a new stake in Marcus & Millichap in the 2nd quarter valued at about $137,000. Institutional investors own 62.78% of the company’s stock.
Marcus & Millichap Stock Performance
Shares of NYSE:MMI opened at $32.68 on Thursday. The company’s 50-day moving average is $30.83 and its 200 day moving average is $28.54. The company has a market capitalization of $1.24 billion, a P/E ratio of 88.33 and a beta of 1.23. Marcus & Millichap, Inc. has a fifty-two week low of $24.43 and a fifty-two week high of $33.62.
Marcus & Millichap Dividend Announcement
The business also recently announced a dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.25 per share. This represents a dividend yield of 163.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Marcus & Millichap’s dividend payout ratio is currently 135.14%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on MMI shares. Wall Street Zen raised shares of Marcus & Millichap from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Marcus & Millichap in a report on Friday, August 7th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell” and an average target price of $28.00.
Check Out Our Latest Research Report on MMI
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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