Universal Beteiligungs und Servicegesellschaft mbH Has $1.49 Million Stock Holdings in Marcus & Millichap, Inc. $MMI

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Marcus & Millichap, Inc. (NYSE:MMI) by 57.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 50,696 shares of the real estate investment trust’s stock after buying an additional 18,498 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Marcus & Millichap were worth $1,488,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MMI. CWM LLC boosted its holdings in shares of Marcus & Millichap by 299.6% during the third 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 period. Strs Ohio bought a new position in shares of Marcus & Millichap during the first quarter worth approximately $145,000. Quantbot Technologies LP acquired a new stake in Marcus & Millichap during the 2nd quarter worth approximately $137,000. Tower Research Capital LLC TRC lifted its holdings in Marcus & Millichap by 769.4% during 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 purchasing an additional 4,678 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in Marcus & Millichap by 16.4% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,606 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 790 shares during the period. 62.78% of the stock is owned by institutional investors.

Marcus & Millichap Stock Performance

NYSE:MMI opened at $27.25 on Friday. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -170.31 and a beta of 1.33. Marcus & Millichap, Inc. has a fifty-two week low of $25.30 and a fifty-two week high of $41.94. The stock has a fifty day moving average price of $27.71 and a 200-day moving average price of $29.56.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings results on Friday, November 7th. The real estate investment trust reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.13. Marcus & Millichap had a negative return on equity of 0.58% and a negative net margin of 0.89%.The business had revenue of $193.89 million during the quarter, compared to the consensus estimate of $183.10 million.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MMI. Wells Fargo & Company lowered their price objective on Marcus & Millichap from $30.00 to $29.00 and set an “underweight” rating on the stock in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Marcus & Millichap in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marcus & Millichap has an average rating of “Reduce” and a consensus price target of $29.00.

About Marcus & Millichap

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.