Schroder Investment Management Group Decreases Position in Marcus & Millichap, Inc. (NYSE:MMI)

Schroder Investment Management Group lowered its stake in Marcus & Millichap, Inc. (NYSE:MMI) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 658,974 shares of the real estate investment trust’s stock after selling 46,021 shares during the quarter. Schroder Investment Management Group owned about 1.70% of Marcus & Millichap worth $25,041,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new stake in Marcus & Millichap in the fourth quarter valued at approximately $66,000. KLP Kapitalforvaltning AS acquired a new stake in Marcus & Millichap during the 4th quarter valued at $172,000. BNP Paribas Financial Markets grew its holdings 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 valued at $205,000 after purchasing an additional 400 shares in the last quarter. Heritage Family Offices LLP increased its stake in Marcus & Millichap by 7.1% during the 4th quarter. Heritage Family Offices LLP now owns 7,030 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 464 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Marcus & Millichap by 5.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,756 shares of the real estate investment trust’s stock worth $297,000 after buying an additional 421 shares in the last quarter. 62.78% of the stock is currently owned by hedge funds and other institutional investors.

Marcus & Millichap Price Performance

Shares of Marcus & Millichap stock opened at $34.58 on Thursday. Marcus & Millichap, Inc. has a 1-year low of $29.93 and a 1-year high of $42.80. The company has a market capitalization of $1.36 billion, a PE ratio of -108.06 and a beta of 1.15. The business has a 50-day moving average of $37.01 and a 200-day moving average of $38.16.

Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings results on Friday, February 14th. The real estate investment trust reported $0.22 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $240.08 million during the quarter. During the same period in the prior year, the company posted ($0.27) EPS.

Marcus & Millichap Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Friday, April 4th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.25 per share. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 12th. Marcus & Millichap’s payout ratio is currently -156.25%.

Insider Buying and Selling

In other Marcus & Millichap news, insider Gregory A. Laberge sold 2,915 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $34.78, for a total transaction of $101,383.70. Following the completion of the transaction, the insider now directly owns 2,307 shares of the company’s stock, valued at $80,237.46. This trade represents a 55.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 39.89% of the company’s stock.

Marcus & Millichap 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.