Sei Investments Co. Has $4.36 Million Holdings in Marcus & Millichap, Inc. $MMI

Sei Investments Co. boosted its holdings in Marcus & Millichap, Inc. (NYSE:MMI) by 99.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 163,766 shares of the real estate investment trust’s stock after acquiring an additional 81,743 shares during the quarter. Sei Investments Co.’s holdings in Marcus & Millichap were worth $4,355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Marcus & Millichap by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,952 shares of the real estate investment trust’s stock worth $481,000 after purchasing an additional 600 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Marcus & Millichap by 8.1% in the third quarter. Intech Investment Management LLC now owns 10,284 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 767 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Marcus & Millichap by 0.7% during the first quarter. Principal Financial Group Inc. now owns 115,747 shares of the real estate investment trust’s stock valued at $3,078,000 after buying an additional 789 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Marcus & Millichap by 8.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,669 shares of the real estate investment trust’s stock valued at $374,000 after buying an additional 1,038 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Marcus & Millichap during the fourth quarter worth $30,000. 62.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MMI has been the subject of a number of analyst reports. Weiss Ratings lowered Marcus & Millichap from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Wall Street Zen lowered shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell” and an average target price of $28.00.

Marcus & Millichap Stock Up 0.8%

Shares of NYSE MMI opened at $31.17 on Thursday. The company has a market capitalization of $1.18 billion, a PE ratio of -3,113.59 and a beta of 1.23. The stock’s 50 day moving average price is $30.46 and its 200-day moving average price is $28.21. Marcus & Millichap, Inc. has a twelve month low of $24.43 and a twelve month high of $33.62.

Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.08) EPS for the quarter, meeting analysts’ consensus estimates of ($0.08). The company had revenue of $171.47 million during the quarter, compared to the consensus estimate of $162.20 million. Marcus & Millichap had a positive return on equity of 0.43% and a negative net margin of 0.08%.Marcus & Millichap’s revenue was up 18.3% on a year-over-year basis. During the same period last year, the business posted ($0.11) earnings per share.

Marcus & Millichap Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be paid a $0.25 dividend. This represents a yield of 163.0%. The ex-dividend date is Tuesday, September 15th. Marcus & Millichap’s dividend payout ratio is -5,000.00%.

Marcus & Millichap Company 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.