Marcus & Millichap, Inc. $MMI Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 9.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,128 shares of the real estate investment trust’s stock after selling 702 shares during the quarter. Voya Investment Management LLC’s holdings in Marcus & Millichap were worth $246,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MMI. AlphaQuest LLC grew its stake in Marcus & Millichap by 410.6% during the 1st quarter. AlphaQuest LLC now owns 2,931 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 2,357 shares in the last quarter. Strs Ohio acquired a new stake in Marcus & Millichap during the 1st quarter valued at approximately $145,000. MQS Management LLC acquired a new stake in Marcus & Millichap during the 1st quarter valued at approximately $210,000. Two Sigma Investments LP acquired a new stake in Marcus & Millichap during the 4th quarter valued at approximately $230,000. Finally, Heritage Family Offices LLP grew its stake in 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 valued at $261,000 after purchasing an additional 556 shares in the last quarter. Institutional investors and hedge funds own 62.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JMP Securities assumed coverage on Marcus & Millichap in a research note on Monday, July 21st. They set a “market perform” rating for the company. Citizens Jmp assumed coverage on Marcus & Millichap in a research note on Monday, July 21st. They set a “market perform” rating for the company. Finally, Wall Street Zen lowered Marcus & Millichap from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Marcus & Millichap Trading Down 1.0%

Shares of NYSE MMI opened at $29.54 on Tuesday. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -95.27 and a beta of 1.29. Marcus & Millichap, Inc. has a 12-month low of $27.61 and a 12-month high of $42.80. The stock’s 50 day simple moving average is $31.44 and its 200 day simple moving average is $31.24.

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

Marcus & Millichap Dividend Announcement

The business also recently declared a half year 25 dividend, which will be paid on Monday, October 6th. Investors of record on Monday, September 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a dividend yield of 156.0%. Marcus & Millichap’s dividend payout ratio (DPR) is -161.29%.

Marcus & Millichap 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.