Public Employees Retirement System of Ohio boosted its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 16.2% during the first quarter, Holdings Channel reports. The institutional investor owned 5,958 shares of the real estate investment trust’s stock after buying an additional 831 shares during the period. Public Employees Retirement System of Ohio’s holdings in Marcus & Millichap were worth $146,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Sprott Inc. purchased a new position in Marcus & Millichap during the first quarter valued at approximately $2,212,000. Stevens Capital Management LP boosted its stake in shares of Marcus & Millichap by 15.6% in the first quarter. Stevens Capital Management LP now owns 9,441 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 1,276 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Marcus & Millichap by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 96,052 shares of the real estate investment trust’s stock valued at $2,361,000 after buying an additional 6,576 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Marcus & Millichap by 29.9% in the first quarter. First Trust Advisors LP now owns 57,419 shares of the real estate investment trust’s stock valued at $1,411,000 after buying an additional 13,213 shares during the last quarter. Finally, Reinhart Partners Inc. boosted its stake in shares of Marcus & Millichap by 21.3% in the first quarter. Reinhart Partners Inc. now owns 124,590 shares of the real estate investment trust’s stock valued at $3,062,000 after buying an additional 21,870 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Shares of Marcus & Millichap, Inc. (NYSE:MMI) traded down 1.96% during midday trading on Friday, hitting $25.46. The stock had a trading volume of 185,239 shares. Marcus & Millichap, Inc. has a 1-year low of $22.93 and a 1-year high of $30.31. The stock has a market cap of $970.46 million, a price-to-earnings ratio of 16.64 and a beta of 1.55. The firm’s 50-day moving average price is $26.26 and its 200-day moving average price is $25.66.

Marcus & Millichap (NYSE:MMI) last released its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.07. The business had revenue of $180.37 million during the quarter, compared to analyst estimates of $177.40 million. Marcus & Millichap had a return on equity of 22.56% and a net margin of 8.51%. Marcus & Millichap’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 EPS. Analysts forecast that Marcus & Millichap, Inc. will post $1.42 earnings per share for the current year.

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MMI has been the subject of several recent research reports. ValuEngine cut Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.00.

In other Marcus & Millichap news, CEO Hessam Nadji sold 8,500 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $24.41, for a total transaction of $207,485.00. Following the completion of the transaction, the chief executive officer now owns 305,161 shares of the company’s stock, valued at approximately $7,448,980.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 58.30% of the company’s stock.

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.

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Institutional Ownership by Quarter for Marcus & Millichap (NYSE:MMI)

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