American Century Companies Inc. Grows Holdings in Marcus & Millichap, Inc. $MMI

American Century Companies Inc. grew its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,716 shares of the real estate investment trust’s stock after acquiring an additional 5,430 shares during the quarter. American Century Companies Inc. owned about 0.16% of Marcus & Millichap worth $2,092,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MMI. MetLife Investment Management LLC boosted its holdings in shares of Marcus & Millichap by 7.0% during the 4th quarter. MetLife Investment Management LLC now owns 14,473 shares of the real estate investment trust’s stock valued at $554,000 after acquiring an additional 946 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Marcus & Millichap by 18.2% during the 4th quarter. Hsbc Holdings PLC now owns 8,957 shares of the real estate investment trust’s stock valued at $342,000 after acquiring an additional 1,376 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Marcus & Millichap by 18.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,112 shares of the real estate investment trust’s stock valued at $349,000 after acquiring an additional 1,437 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Marcus & Millichap during the 4th quarter valued at about $756,000. Finally, Northern Trust Corp boosted its holdings in shares of Marcus & Millichap by 1.2% during the 4th quarter. Northern Trust Corp now owns 248,750 shares of the real estate investment trust’s stock valued at $9,517,000 after acquiring an additional 2,858 shares during the last quarter. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MMI shares. JMP Securities started coverage on shares of Marcus & Millichap in a research note on Monday, July 21st. They issued a “market perform” rating on the stock. Wall Street Zen cut shares of Marcus & Millichap from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Citizens Jmp started coverage on shares of Marcus & Millichap in a research note on Monday, July 21st. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $30.00.

Marcus & Millichap Trading Down 0.0%

NYSE MMI opened at $32.64 on Tuesday. Marcus & Millichap, Inc. has a 12 month low of $27.61 and a 12 month high of $42.80. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -105.28 and a beta of 1.29. The company’s 50 day moving average is $31.32 and its two-hundred day moving average is $32.08.

Marcus & Millichap (NYSE:MMI) last released its earnings results on Thursday, August 7th. The real estate investment trust reported ($0.28) EPS 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 firm had revenue of $172.28 million for the quarter, compared to the consensus estimate of $172.60 million.

Marcus & Millichap Dividend Announcement

The company also recently announced a half year 25 dividend, which will be paid on Monday, October 6th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, September 15th. This represents a yield of 160.0%. Marcus & Millichap’s dividend payout ratio (DPR) is presently -161.29%.

Marcus & Millichap Company 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.