Universal Beteiligungs und Servicegesellschaft mbH Sells 40,981 Shares of Marcus & Millichap, Inc. $MMI

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in Marcus & Millichap, Inc. (NYSE:MMI) by 80.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,715 shares of the real estate investment trust’s stock after selling 40,981 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Marcus & Millichap were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MMI. CWM LLC lifted its position in Marcus & Millichap by 299.6% during the 3rd quarter. CWM LLC now owns 3,261 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 2,445 shares during the last quarter. LRI Investments LLC boosted its stake in Marcus & Millichap by 316.2% during the 3rd quarter. LRI Investments LLC now owns 3,484 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 2,647 shares during the period. Quantbot Technologies LP bought a new stake in Marcus & Millichap during the 2nd quarter valued at approximately $137,000. Strs Ohio acquired a new stake in Marcus & Millichap in the 1st quarter valued at approximately $145,000. Finally, Tower Research Capital LLC TRC increased its position in Marcus & Millichap by 769.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,286 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 4,678 shares during the period. 62.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marcus & Millichap

In related news, CEO Hessam Nadji sold 1,300 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $25.60, for a total value of $33,280.00. Following the completion of the transaction, the chief executive officer owned 480 shares of the company’s stock, valued at $12,288. This represents a 73.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.20% of the stock is owned by company insiders.

Marcus & Millichap Trading Up 1.3%

Shares of NYSE MMI opened at $29.05 on Thursday. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -726.17 and a beta of 1.25. Marcus & Millichap, Inc. has a one year low of $24.43 and a one year high of $33.62. The business has a fifty day simple moving average of $26.74 and a 200 day simple moving average of $27.54.

Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). Marcus & Millichap had a negative net margin of 0.25% and a positive return on equity of 0.20%. The firm had revenue of $171.47 million for the quarter, compared to analyst estimates of $162.20 million.

Marcus & Millichap Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, April 3rd. Investors of record on Friday, March 13th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a yield of 196.0%. Marcus & Millichap’s payout ratio is presently -1,250.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MMI. Weiss Ratings reissued a “sell (d+)” rating on shares of Marcus & Millichap in a research report on Friday, March 27th. Wells Fargo & Company dropped their target price on shares of Marcus & Millichap from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Monday, February 2nd. Finally, Wall Street Zen cut shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Marcus & Millichap has an average rating of “Sell” and a consensus target price of $28.00.

Marcus & Millichap 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.