Marcus & Millichap, Inc. (NYSE:MMI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,502 shares of the real estate investment trust’s stock after selling 2,568 shares during the quarter. New York State Teachers Retirement System owned approximately 0.06% of Marcus & Millichap worth $939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MMI. Citigroup Inc. boosted its stake in Marcus & Millichap by 42.9% during the 1st quarter. Citigroup Inc. now owns 27,112 shares of the real estate investment trust’s stock worth $1,428,000 after purchasing an additional 8,141 shares during the last quarter. Bank of Montreal Can boosted its stake in Marcus & Millichap by 16.5% during the 1st quarter. Bank of Montreal Can now owns 7,913 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 1,120 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Marcus & Millichap by 54.3% during the 1st quarter. MetLife Investment Management LLC now owns 13,471 shares of the real estate investment trust’s stock worth $710,000 after purchasing an additional 4,743 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Marcus & Millichap by 0.6% during the 1st quarter. Rhumbline Advisers now owns 67,158 shares of the real estate investment trust’s stock valued at $3,538,000 after acquiring an additional 413 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Marcus & Millichap by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,545 shares of the real estate investment trust’s stock valued at $1,135,000 after acquiring an additional 2,657 shares during the last quarter. Institutional investors and hedge funds own 62.78% of the company’s stock.

Marcus & Millichap Trading Up 0.9 %

Shares of MMI stock opened at $31.02 on Friday. The company’s 50-day moving average price is $34.62 and its 200-day moving average price is $34.81. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -34.85 and a beta of 1.20. Marcus & Millichap, Inc. has a twelve month low of $26.81 and a twelve month high of $44.24.

Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings results on Friday, February 16th. The real estate investment trust reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.01. Marcus & Millichap had a negative net margin of 5.27% and a negative return on equity of 5.16%. The firm had revenue of $166.24 million for the quarter.

Marcus & Millichap Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, March 12th were given a $0.25 dividend. The ex-dividend date was Monday, March 11th. This represents a yield of 1.3%. Marcus & Millichap’s payout ratio is currently -56.18%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Marcus & Millichap from a “hold” rating to a “sell” rating in a research report on Monday, March 25th.

Insider Buying and Selling at Marcus & Millichap

In other Marcus & Millichap news, COO Richard D. Matricaria sold 9,500 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $33.32, for a total value of $316,540.00. Following the transaction, the chief operating officer now owns 7,078 shares of the company’s stock, valued at $235,838.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Marcus & Millichap news, COO John David Parker sold 9,716 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $32.83, for a total transaction of $318,976.28. Following the sale, the chief operating officer now directly owns 12,376 shares in the company, valued at $406,304.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Richard D. Matricaria sold 9,500 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $33.32, for a total transaction of $316,540.00. Following the sale, the chief operating officer now owns 7,078 shares in the company, valued at $235,838.96. The disclosure for this sale can be found here. 39.20% of the stock is currently owned by corporate insiders.

Marcus & Millichap Profile

Marcus & Millichap, Inc, an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.