WINTON GROUP Ltd Acquires 33,983 Shares of Marcus & Millichap, Inc. $MMI

WINTON GROUP Ltd boosted its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 74.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,750 shares of the real estate investment trust’s stock after buying an additional 33,983 shares during the period. WINTON GROUP Ltd owned approximately 0.21% of Marcus & Millichap worth $2,486,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Engineers Gate Manager LP acquired a new position in shares of Marcus & Millichap during the second quarter valued at about $467,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Marcus & Millichap in the 2nd quarter worth about $85,000. Squarepoint Ops LLC bought a new position in Marcus & Millichap in the 2nd quarter valued at about $346,000. Allworth Financial LP lifted its position in Marcus & Millichap by 182.4% in the 2nd quarter. Allworth Financial LP now owns 1,491 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 963 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Marcus & Millichap by 2,920.8% during the 2nd quarter. California State Teachers Retirement System now owns 752,662 shares of the real estate investment trust’s stock valued at $24,147,000 after purchasing an additional 727,746 shares during the last quarter. 62.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MMI. Wall Street Zen downgraded Marcus & Millichap from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Weiss Ratings raised Marcus & Millichap from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $28.00.

Marcus & Millichap Price Performance

MMI opened at $31.26 on Friday. Marcus & Millichap, Inc. has a fifty-two week low of $24.43 and a fifty-two week high of $33.55. The firm has a market capitalization of $1.18 billion, a P/E ratio of 84.48 and a beta of 1.23. The company’s 50-day moving average is $31.35 and its 200 day moving average is $29.21.

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

Marcus & Millichap Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be given a dividend of $0.25 per share. This represents a dividend yield of 163.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Marcus & Millichap’s dividend payout ratio (DPR) is presently 135.14%.

Marcus & Millichap Company Profile

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.