1 week Ago By Defense World Staff
Invesco Ltd. increased its position in shares of Marcus & Millichap, Inc. (NYSE:MMI – Free Report) by 9.
8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,686 shares of the real estate investment trust’s stock after acquiring an additional 7,358 shares during the quarter. Invesco Ltd.
owned about 0.21% of Marcus & Millichap worth $3,164,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently made changes to their positions in the company.
Reinhart Partners LLC. grew its position in Marcus & Millichap by 4.0% in the fourth quarter.
Reinhart Partners LLC. now owns 1,909,491 shares of the real estate investment trust’s stock valued at $73,057,000 after purchasing an additional 73,792 shares in the last quarter. Norges Bank acquired a new stake in Marcus & Millichap during the 4th quarter valued at $2,727,000.
JPMorgan Chase & Co. boosted its position in Marcus & Millichap by 61.5% during the fourth quarter.
JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust’s stock worth $4,709,000 after purchasing an additional 46,865 shares during the period. Jennison Associates LLC increased its holdings in shares of Marcus & Millichap by 21.
1% in the fourth quarter. Jennison Associates LLC now owns 264,435 shares of the real estate investment trust’s stock valued at $10,117,000 after purchasing an additional 46,154 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Marcus & Millichap by 104.
7% in the third quarter. Barclays PLC now owns 60,379 shares of the real estate investment trust’s stock valued at $2,393,000 after purchasing an additional 30,884 shares during the period. 62.
78% of the stock is owned by institutional investors. Marcus & Millichap Stock PerformanceShares of MMI stock opened at $30.77 on Monday.
Marcus & Millichap, Inc. has a 52 week low of $29.36 and a 52 week high of $42.
80. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -96.
16 and a beta of 1.17. The company has a 50-day simple moving average of $34.
41 and a 200 day simple moving average of $37.14. Marcus & Millichap (NYSE:MMI – Get Free Report) last posted its earnings results on Friday, February 14th.
The real estate investment trust reported $0.22 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.
28. The company had revenue of $240.08 million for the quarter.
Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%.
During the same period in the previous year, the company posted ($0.27) EPS. Marcus & Millichap Dividend AnnouncementThe firm also recently announced a semi-annual dividend, which was paid on Friday, April 4th.
Stockholders of record on Wednesday, March 12th were given a $0.25 dividend. The ex-dividend date was Wednesday, March 12th.
This represents a dividend yield of 1.3%. Marcus & Millichap’s payout ratio is presently -156.
25%. Insider Activity at Marcus & MillichapIn related news, insider Gregory A. Laberge sold 2,915 shares of the stock in a transaction that occurred on Tuesday, March 11th.
The stock was sold at an average price of $34.78, for a total transaction of $101,383.70.
Following the sale, the insider now owns 2,307 shares of the company’s stock, valued at $80,237.46. This represents a 55.
82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 39.
20% of the stock is currently owned by corporate insiders. About Marcus & Millichap (Free Report)Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services.
The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.
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