Ieq Capital LLC Purchases Shares of 54,691 Marcus & Millichap, Inc. $MMI

Ieq Capital LLC acquired a new stake in Marcus & Millichap, Inc. (NYSE:MMI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 54,691 shares of the real estate investment trust’s stock, valued at approximately $1,705,000. Ieq Capital LLC owned approximately 0.14% of Marcus & Millichap as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Marcus & Millichap by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 3,816,951 shares of the real estate investment trust’s stock worth $104,165,000 after purchasing an additional 86,609 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Marcus & Millichap in the 2nd quarter valued at approximately $112,801,000. Pzena Investment Management LLC acquired a new position in shares of Marcus & Millichap in the 2nd quarter worth approximately $66,735,000. Dimensional Fund Advisors LP raised its holdings in shares of Marcus & Millichap by 3.0% in the 1st 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. Finally, State Street Corp lifted its position in shares of Marcus & Millichap by 3.0% during the 4th quarter. State Street Corp now owns 951,032 shares of the real estate investment trust’s stock worth $25,954,000 after buying an additional 27,275 shares during the period. 62.78% of the stock is currently owned by institutional investors and hedge funds.

Marcus & Millichap Trading Up 0.2%

NYSE:MMI opened at $32.48 on Wednesday. Marcus & Millichap, Inc. has a 1 year low of $24.43 and a 1 year high of $33.62. The firm has a 50 day moving average of $31.03 and a 200-day moving average of $28.71. The stock has a market capitalization of $1.23 billion, a P/E ratio of 87.78 and a beta of 1.23.

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

Marcus & Millichap Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on MMI shares. Wall Street Zen raised Marcus & Millichap from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised Marcus & Millichap from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Marcus & Millichap presently has a consensus rating of “Reduce” and an average price target 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.