Marcus & Millichap, Inc. (NYSE:MMI) Shares Bought by State Street Corp

State Street Corp grew its position in Marcus & Millichap, Inc. (NYSE:MMI) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 910,655 shares of the real estate investment trust’s stock after purchasing an additional 2,877 shares during the period. State Street Corp owned approximately 2.35% of Marcus & Millichap worth $36,319,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MMI. Louisiana State Employees Retirement System lifted its position in Marcus & Millichap by 2.5% during the second quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the real estate investment trust’s stock valued at $381,000 after buying an additional 300 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Marcus & Millichap by 2.1% during the 2nd quarter. Natixis Advisors LLC now owns 18,482 shares of the real estate investment trust’s stock valued at $583,000 after acquiring an additional 374 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Marcus & Millichap by 8.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 400 shares during the period. LRI Investments LLC increased its holdings in Marcus & Millichap by 11.0% in the 2nd quarter. LRI Investments LLC now owns 4,706 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 468 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Marcus & Millichap by 6.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,651 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 530 shares during the period. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Stock Up 0.9 %

MMI opened at $37.99 on Friday. The firm has a market capitalization of $1.47 billion, a P/E ratio of -46.90 and a beta of 1.15. The firm’s 50 day moving average is $39.77 and its 200-day moving average is $37.44. Marcus & Millichap, Inc. has a 52-week low of $29.93 and a 52-week high of $44.24.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upped their target price on Marcus & Millichap from $20.00 to $30.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th.

Marcus & Millichap Profile

Marcus & Millichap, Inc, an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.