Vanguard Group Inc. Has $131.35 Million Stock Holdings in Marcus & Millichap, Inc. $MMI

Vanguard Group Inc. trimmed its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 0.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 3,812,726 shares of the real estate investment trust’s stock after selling 15,446 shares during the quarter. Vanguard Group Inc. owned about 9.73% of Marcus & Millichap worth $131,348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MMI. Sterling Capital Management LLC lifted 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 buying an additional 670 shares during the last quarter. State of Wyoming bought a new stake in shares of Marcus & Millichap during the 4th quarter worth $156,000. MQS Management LLC bought a new stake in shares of Marcus & Millichap during the 1st quarter worth $210,000. Two Sigma Investments LP bought a new stake in shares of Marcus & Millichap during the 4th quarter worth $230,000. Finally, Heritage Family Offices LLP lifted its position in shares of Marcus & Millichap by 7.9% during the 1st quarter. Heritage Family Offices LLP now owns 7,586 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 556 shares during the last quarter. 62.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MMI. Wall Street Zen downgraded Marcus & Millichap from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. JMP Securities began coverage on Marcus & Millichap in a research report on Monday, July 21st. They set a “market perform” rating for the company. Finally, Citizens Jmp began coverage on Marcus & Millichap in a research report on Monday, July 21st. They set a “market perform” rating for the company. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $30.00.

Marcus & Millichap Trading Down 0.6%

Marcus & Millichap stock opened at $30.7310 on Friday. The company has a market capitalization of $1.20 billion, a PE ratio of -99.13 and a beta of 1.27. Marcus & Millichap, Inc. has a 12 month low of $27.61 and a 12 month high of $42.80. The stock has a 50-day moving average price of $31.04 and a two-hundred day moving average price of $32.40.

Marcus & Millichap (NYSE:MMI) last posted its earnings results on Thursday, August 7th. The real estate investment trust reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.24). The firm had revenue of $172.28 million during the quarter, compared to the consensus estimate of $172.60 million. Marcus & Millichap had a negative net margin of 1.69% and a negative return on equity of 1.99%.

Marcus & Millichap Announces Dividend

The business also recently declared a half year 25 dividend, which will be paid on Monday, October 6th. Stockholders of record on Monday, September 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a dividend yield of 160.0%. Marcus & Millichap’s dividend payout ratio is presently -161.29%.

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.