First National Bank of Omaha Invests $771,000 in Marcus & Millichap, Inc. $MMI

First National Bank of Omaha purchased a new stake in Marcus & Millichap, Inc. (NYSE:MMI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,737 shares of the real estate investment trust’s stock, valued at approximately $771,000. First National Bank of Omaha owned approximately 0.07% of Marcus & Millichap at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MMI. Kestra Advisory Services LLC bought a new position in Marcus & Millichap in the 4th quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd grew its holdings in Marcus & Millichap by 79,800.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,598 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 1,596 shares during the last quarter. State of Wyoming acquired a new stake in Marcus & Millichap in the first quarter valued at $64,000. Quantbot Technologies LP bought a new stake in Marcus & Millichap in the second quarter valued at approximately $137,000. Finally, GAMMA Investing LLC boosted its stake in shares of Marcus & Millichap by 27.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,634 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 984 shares during the last quarter. 62.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Marcus & Millichap from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Marcus & Millichap in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, Marcus & Millichap presently has a consensus rating of “Sell” and an average target price of $28.00.

Marcus & Millichap Trading Up 3.5%

Marcus & Millichap stock opened at $32.68 on Thursday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 88.33 and a beta of 1.23. The firm’s fifty day moving average price is $30.83 and its two-hundred day moving average price is $28.54. Marcus & Millichap, Inc. has a 1-year low of $24.43 and a 1-year high of $33.62.

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

Marcus & Millichap Announces Dividend

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

About Marcus & Millichap

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.