First National Bank of Omaha Invests $614,000 in Marcus & Millichap, Inc. $MMI

First National Bank of Omaha purchased a new position in Marcus & Millichap, Inc. (NYSE:MMI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,924 shares of the real estate investment trust’s stock, valued at approximately $614,000. First National Bank of Omaha owned about 0.05% of Marcus & Millichap at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Tributary Capital Management LLC increased its position in shares of Marcus & Millichap by 92.4% in the 3rd quarter. Tributary Capital Management LLC now owns 1,339,094 shares of the real estate investment trust’s stock valued at $39,302,000 after acquiring an additional 643,277 shares during the period. Geode Capital Management LLC raised its stake in shares of Marcus & Millichap by 1.9% in the second quarter. Geode Capital Management LLC now owns 625,781 shares of the real estate investment trust’s stock worth $19,219,000 after purchasing an additional 11,819 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Marcus & Millichap by 7.4% in the second quarter. Jennison Associates LLC now owns 282,533 shares of the real estate investment trust’s stock worth $8,677,000 after purchasing an additional 19,351 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Marcus & Millichap by 4.8% during the third quarter. Deprince Race & Zollo Inc. now owns 233,138 shares of the real estate investment trust’s stock worth $6,843,000 after purchasing an additional 10,766 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Marcus & Millichap by 76.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 209,908 shares of the real estate investment trust’s stock worth $6,446,000 after buying an additional 90,737 shares during the period. 62.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on MMI shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Marcus & Millichap in a report on Monday, December 29th. Wall Street Zen lowered shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Finally, Wells Fargo & Company decreased their price objective on Marcus & Millichap from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Monday, February 2nd. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Sell” and a consensus target price of $28.00.

Marcus & Millichap Stock Performance

Shares of Marcus & Millichap stock opened at $25.63 on Friday. The firm has a 50-day simple moving average of $26.85 and a two-hundred day simple moving average of $29.04. Marcus & Millichap, Inc. has a fifty-two week low of $24.43 and a fifty-two week high of $39.58. The company has a market cap of $997.52 million, a P/E ratio of -640.59 and a beta of 1.32.

Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings results on Friday, February 13th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The company had revenue of $243.95 million for the quarter, compared to the consensus estimate of $229.45 million. Marcus & Millichap had a positive return on equity of 0.20% and a negative net margin of 0.25%.

Marcus & Millichap Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, April 3rd. Shareholders of record on Friday, March 13th will be issued a dividend of $0.25 per share. This represents a yield of 190.0%. The ex-dividend date of this dividend is Friday, March 13th. Marcus & Millichap’s dividend payout ratio (DPR) is presently -1,250.00%.

Marcus & Millichap Company Profile

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.