Oregon Public Employees Retirement Fund acquired a new stake in shares of Marcus & Millichap Inc (NYSE:MMI) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 8,085 shares of the real estate investment trust’s stock, valued at approximately $278,000.
Several other large investors also recently added to or reduced their stakes in the stock. James Investment Research Inc. bought a new position in Marcus & Millichap in the 4th quarter worth about $1,081,000. Campbell & CO Investment Adviser LLC increased its stake in Marcus & Millichap by 54.5% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 11,900 shares of the real estate investment trust’s stock worth $413,000 after acquiring an additional 4,200 shares during the last quarter. Morgan Stanley increased its stake in Marcus & Millichap by 4.0% in the 3rd quarter. Morgan Stanley now owns 253,254 shares of the real estate investment trust’s stock worth $8,791,000 after acquiring an additional 9,843 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Marcus & Millichap by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 166,245 shares of the real estate investment trust’s stock worth $6,485,000 after acquiring an additional 7,987 shares during the last quarter. Finally, Stone Ridge Asset Management LLC increased its stake in Marcus & Millichap by 10.8% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 25,752 shares of the real estate investment trust’s stock worth $894,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.
A number of equities analysts have weighed in on the company. ValuEngine upgraded Marcus & Millichap from a “hold” rating to a “buy” rating in a research note on Thursday, January 17th. Zacks Investment Research lowered Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Marcus & Millichap has a consensus rating of “Hold” and a consensus price target of $41.67.
Shares of Marcus & Millichap stock opened at $38.88 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a market cap of $1.49 billion, a PE ratio of 17.51, a PEG ratio of 2.98 and a beta of 1.25. Marcus & Millichap Inc has a 12 month low of $30.66 and a 12 month high of $41.45.
Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $0.66 EPS for the quarter, beating the consensus estimate of $0.53 by $0.13. The firm had revenue of $230.30 million for the quarter, compared to analyst estimates of $209.75 million. Marcus & Millichap had a return on equity of 23.51% and a net margin of 10.71%. The company’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 EPS. Research analysts forecast that Marcus & Millichap Inc will post 2.15 EPS for the current year.
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Marcus & Millichap Profile
Marcus & Millichap, Inc operates as a brokerage company specializing in commercial real estate investment sales, financing, research, and advisory services. The company provides investment brokerage and financing services to investors of all sizes and types of commercial real estate properties. It serves clients with one property, multiple properties, and investment portfolios.
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