Handelsbanken Fonder AB Increases Stake in Marcus & Millichap, Inc. (NYSE:MMI)

Handelsbanken Fonder AB raised its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 11.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,666 shares of the real estate investment trust’s stock after purchasing an additional 900 shares during the period. Handelsbanken Fonder AB’s holdings in Marcus & Millichap were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Royce & Associates LP increased its stake in Marcus & Millichap by 0.3% during the third quarter. Royce & Associates LP now owns 2,303,153 shares of the real estate investment trust’s stock worth $91,274,000 after acquiring an additional 6,000 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in shares of Marcus & Millichap by 4.0% in the 4th quarter. Reinhart Partners LLC. now owns 1,909,491 shares of the real estate investment trust’s stock worth $73,057,000 after purchasing an additional 73,792 shares during the period. State Street Corp increased its position in shares of Marcus & Millichap by 0.3% during the 3rd quarter. State Street Corp now owns 910,655 shares of the real estate investment trust’s stock valued at $36,319,000 after purchasing an additional 2,877 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in Marcus & Millichap by 2.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 869,669 shares of the real estate investment trust’s stock valued at $34,465,000 after buying an additional 24,352 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Marcus & Millichap by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 595,145 shares of the real estate investment trust’s stock worth $23,591,000 after acquiring an additional 5,525 shares during the last quarter. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Stock Performance

Shares of NYSE MMI opened at $38.47 on Tuesday. The business’s 50 day moving average price is $37.43 and its 200-day moving average price is $38.59. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -120.22 and a beta of 1.16. Marcus & Millichap, Inc. has a fifty-two week low of $29.93 and a fifty-two week high of $42.80.

Marcus & Millichap (NYSE:MMI) last issued its earnings results on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.28. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%. The business had revenue of $240.08 million during the quarter. During the same quarter in the prior year, the company posted ($0.27) earnings per share.

Marcus & Millichap Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Wednesday, March 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a yield of 1.3%. Marcus & Millichap’s dividend payout ratio is presently -156.25%.

Marcus & Millichap Company Profile

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.