Heritage Family Offices LLP Raises Position in Marcus & Millichap, Inc. (NYSE:MMI)

Heritage Family Offices LLP raised its position in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 7.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,030 shares of the real estate investment trust’s stock after acquiring an additional 464 shares during the quarter. Heritage Family Offices LLP’s holdings in Marcus & Millichap were worth $269,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in Marcus & Millichap by 8.4% in 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. Hsbc Holdings PLC purchased a new position in shares of Marcus & Millichap in the second quarter worth about $212,000. Oppenheimer Asset Management Inc. acquired a new position in Marcus & Millichap during the second quarter worth about $256,000. Inspire Investing LLC purchased a new stake in Marcus & Millichap during the 3rd quarter valued at about $416,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Marcus & Millichap by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,220 shares of the real estate investment trust’s stock valued at $480,000 after acquiring an additional 750 shares during the last quarter. 62.78% of the stock is owned by institutional investors and hedge funds.

Marcus & Millichap Price Performance

Shares of Marcus & Millichap stock opened at $35.04 on Thursday. The stock’s 50 day simple moving average is $39.33 and its 200-day simple moving average is $38.24. The stock has a market cap of $1.36 billion, a P/E ratio of -43.26 and a beta of 1.16. Marcus & Millichap, Inc. has a 1-year low of $29.93 and a 1-year high of $42.80.

About Marcus & Millichap

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.