The Strs Ohio Decreases Position in Marcus & Millichap Inc (MMI)

The Strs Ohio Decreases Position in Marcus & Millichap Inc (MMI)

A number of other institutional investors also recently made changes to their positions in the company. Royce & Associates LP raised its stake in shares of Marcus & Millichap by 4.5% in the fourth quarter. Royce & Associates LP now owns 2,525,623 shares of the real estate investment trust’s stock worth $67,485,000 after buying an additional 108,713 shares during the last quarter. Route One Investment Company L.P. raised its stake in shares of Marcus & Millichap by 32.2% in the fourth quarter. Route One Investment Company L.P. now owns 1,508,551 shares of the real estate investment trust’s stock worth $40,308,000 after buying an additional 367,189 shares during the last quarter. Aberdeen Asset Management PLC UK acquired a new stake in shares of Marcus & Millichap during the fourth quarter worth about $24,075,000. Dimensional Fund Advisors LP raised its stake in shares of Marcus & Millichap by 20.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 553,391 shares of the real estate investment trust’s stock worth $14,787,000 after buying an additional 92,168 shares during the last quarter. Finally, River Road Asset Management LLC raised its stake in shares of Marcus & Millichap by 4.5% in the first quarter. River Road Asset Management LLC now owns 357,830 shares of the real estate investment trust’s stock worth $8,795,000 after buying an additional 15,560 shares during the last quarter. 34.26% of the stock is currently owned by institutional investors.

Strs Ohio cut its position in Marcus & Millichap Inc (NYSE:MMI) by 29.1% during the first quarter, Holdings Channel reports. The institutional investor owned 18,000 shares of the real estate investment trust’s stock after selling 7,400 shares during the period. Strs Ohio’s holdings in Marcus & Millichap were worth $442,000 at the end of the most recent quarter.

Marcus & Millichap Inc (NYSE MMI) opened at 24.52 on Monday. Marcus & Millichap Inc has a 12-month low of $22.93 and a 12-month high of $30.31. The firm has a 50-day moving average of $24.96 and a 200 day moving average of $25.92. The stock has a market capitalization of $933.60 million, a price-to-earnings ratio of 15.43 and a beta of 1.57.

Marcus & Millichap (NYSE:MMI) last released its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The company had revenue of $153.20 million for the quarter, compared to analyst estimates of $150.57 million. Marcus & Millichap had a net margin of 9.22% and a return on equity of 31.33%. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. On average, analysts predict that Marcus & Millichap Inc will post $1.39 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on MMI shares. William Blair lowered Marcus & Millichap from an “outperform” rating to a “market perform” rating in a research note on Friday, March 24th. Zacks Investment Research lowered Marcus & Millichap from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 15th. Finally, ValuEngine lowered Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.00.

In other news, major shareholder Phoenix Investments Holdings L sold 512,643 shares of the firm’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $24.50, for a total value of $12,559,753.50. Following the sale, the insider now directly owns 19,649,357 shares in the company, valued at approximately $481,409,246.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hessam Nadji sold 8,500 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $24.41, for a total transaction of $207,485.00. Following the completion of the sale, the chief executive officer now owns 305,161 shares in the company, valued at $7,448,980.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 552,643 shares of company stock worth $13,553,659. 61.80% of the stock is owned by company insiders. Marcus & Millichap Company Profile

Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MMI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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