Quantinno Capital Management LP Buys 40,335 Shares of Marcus & Millichap, Inc. $MMI

Quantinno Capital Management LP raised its stake in Marcus & Millichap, Inc. (NYSE:MMI) by 348.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 51,913 shares of the real estate investment trust’s stock after buying an additional 40,335 shares during the quarter. Quantinno Capital Management LP’s holdings in Marcus & Millichap were worth $1,380,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MMI. Lazard Asset Management LLC bought a new position in shares of Marcus & Millichap in the first quarter worth $1,809,000. Sei Investments Co. raised its stake in Marcus & Millichap by 99.7% in the first quarter. Sei Investments Co. now owns 163,766 shares of the real estate investment trust’s stock valued at $4,355,000 after purchasing an additional 81,743 shares in the last quarter. State of Wyoming bought a new stake in Marcus & Millichap during the first quarter worth about $64,000. PNC Financial Services Group Inc. lifted its position in Marcus & Millichap by 27.7% during the first quarter. PNC Financial Services Group Inc. now owns 5,602 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 1,214 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Marcus & Millichap by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,481,772 shares of the real estate investment trust’s stock worth $39,400,000 after buying an additional 43,196 shares in the last quarter. 62.78% of the stock is owned by institutional investors and hedge funds.

Marcus & Millichap Stock Performance

Marcus & Millichap stock opened at $31.77 on Friday. Marcus & Millichap, Inc. has a 52 week low of $24.43 and a 52 week high of $33.62. The stock has a market capitalization of $1.20 billion, a P/E ratio of 85.87 and a beta of 1.23. The stock has a fifty day moving average of $30.73 and a 200-day moving average of $28.40.

Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.07. The business had revenue of $202.91 million during the quarter, compared to the consensus estimate of $194.30 million. Marcus & Millichap had a return on equity of 2.97% and a net margin of 1.77%.

Marcus & Millichap Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a yield of 163.0%. Marcus & Millichap’s payout ratio is presently 135.14%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Marcus & Millichap in a report on Friday, August 7th. Wall Street Zen upgraded shares of Marcus & Millichap from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus 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.