Norges Bank acquired a new position in shares of Marcus & Millichap, Inc. (NYSE:MMI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 71,284 shares of the real estate investment trust's stock, valued at approximately $2,727,000. Norges Bank owned 0.18% of Marcus & Millichap as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in MMI. BNP Paribas Financial Markets lifted its position in Marcus & Millichap by 8.4% during the third quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust's stock worth $205,000 after purchasing an additional 400 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Marcus & Millichap by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,522 shares of the real estate investment trust's stock valued at $2,478,000 after acquiring an additional 1,120 shares in the last quarter. State Street Corp boosted its stake in shares of Marcus & Millichap by 0.3% during the third quarter. State Street Corp now owns 910,655 shares of the real estate investment trust's stock valued at $36,319,000 after purchasing an additional 2,877 shares in the last quarter. Barclays PLC grew its holdings in Marcus & Millichap by 104.7% during the 3rd quarter. Barclays PLC now owns 60,379 shares of the real estate investment trust's stock worth $2,393,000 after acquiring an additional 30,884 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Marcus & Millichap by 0.9% in the third quarter. Geode Capital Management LLC now owns 595,145 shares of the real estate investment trust's stock valued at $23,591,000 after purchasing an additional 5,525 shares during the period. 62.78% of the stock is currently owned by institutional investors.
Marcus & Millichap Stock Performance
Shares of MMI stock traded down $0.05 on Wednesday, hitting $31.33. The company had a trading volume of 9,770 shares, compared to its average volume of 101,621. The firm has a market cap of $1.23 billion, a P/E ratio of -97.72 and a beta of 1.17. The stock's 50-day moving average is $35.55 and its two-hundred day moving average is $37.49. Marcus & Millichap, Inc. has a twelve month low of $29.36 and a twelve month high of $42.80.
Marcus & Millichap (NYSE:MMI - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.28. The firm had revenue of $240.08 million during the quarter. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%. During the same quarter in the previous year, the business posted ($0.27) earnings per share.
Marcus & Millichap Dividend Announcement
The business also recently declared a semi-annual dividend, which was paid on Friday, April 4th. Shareholders of record on Wednesday, March 12th were issued a $0.25 dividend. This represents a yield of 1.3%. The ex-dividend date was Wednesday, March 12th. Marcus & Millichap's payout ratio is -156.25%.
Insider Activity at Marcus & Millichap
In other Marcus & Millichap news, insider Gregory A. Laberge sold 828 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $38.26, for a total transaction of $31,679.28. Following the transaction, the insider now owns 5,222 shares in the company, valued at approximately $199,793.72. This represents a 13.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 39.20% of the stock is currently owned by corporate insiders.
About Marcus & Millichap
(
Free Report)
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.
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