Universal Beteiligungs und Servicegesellschaft mbH Acquires New Position in Marcus & Millichap, Inc. (NYSE:MMI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Marcus & Millichap, Inc. (NYSE:MMI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,583 shares of the real estate investment trust’s stock, valued at approximately $1,122,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Marcus & Millichap as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMI. Reinhart Partners LLC. boosted its stake in shares of Marcus & Millichap by 13.3% in the first quarter. Reinhart Partners LLC. now owns 2,162,935 shares of the real estate investment trust’s stock valued at $74,513,000 after purchasing an additional 253,444 shares during the period. Geode Capital Management LLC lifted its stake in Marcus & Millichap by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 597,338 shares of the real estate investment trust’s stock worth $22,859,000 after purchasing an additional 2,193 shares during the last quarter. Northern Trust Corp boosted its holdings in Marcus & Millichap by 1.2% in the fourth quarter. Northern Trust Corp now owns 248,750 shares of the real estate investment trust’s stock valued at $9,517,000 after purchasing an additional 2,858 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Marcus & Millichap by 25.7% in the first quarter. Harbor Capital Advisors Inc. now owns 191,689 shares of the real estate investment trust’s stock valued at $6,604,000 after purchasing an additional 39,235 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Marcus & Millichap by 61.5% during the fourth quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust’s stock worth $4,709,000 after purchasing an additional 46,865 shares in the last quarter. 62.78% of the stock is owned by institutional investors and hedge funds.

Marcus & Millichap Stock Down 1.5%

Shares of NYSE MMI opened at $30.69 on Friday. The business has a 50-day moving average price of $30.73 and a 200 day moving average price of $33.04. The stock has a market cap of $1.20 billion, a PE ratio of -180.52 and a beta of 1.27. Marcus & Millichap, Inc. has a 52-week low of $27.61 and a 52-week high of $42.80.

Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. The company had revenue of $145.04 million during the quarter, compared to analysts’ expectations of $140.20 million. Marcus & Millichap had a negative return on equity of 1.09% and a negative net margin of 0.95%.

Marcus & Millichap Announces Dividend

The firm also recently disclosed a half year 25 dividend, which will be paid on Monday, October 6th. Shareholders of record on Monday, September 15th will be given a dividend of $0.25 per share. Marcus & Millichap’s payout ratio is currently -294.12%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MMI. Citizens Jmp initiated coverage on shares of Marcus & Millichap in a report on Monday, July 21st. They issued a “market perform” rating for the company. JMP Securities assumed coverage on shares of Marcus & Millichap in a research report on Monday, July 21st. They issued a “market perform” rating for the company.

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.