Handelsbanken Fonder AB Raises Position in Marcus & Millichap, Inc. (NYSE:MMI)

Handelsbanken Fonder AB grew its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,666 shares of the real estate investment trust’s stock after acquiring an additional 900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Marcus & Millichap were worth $332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd purchased a new stake in Marcus & Millichap during the 4th quarter valued at about $66,000. BNP Paribas Financial Markets raised its stake in shares of 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 buying an additional 400 shares during the last quarter. Heritage Family Offices LLP boosted its position in Marcus & Millichap by 7.1% in the 4th quarter. Heritage Family Offices LLP now owns 7,030 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 464 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Marcus & Millichap by 6.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 8,651 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 530 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Marcus & Millichap by 10.4% in the third quarter. Franklin Resources Inc. now owns 15,753 shares of the real estate investment trust’s stock worth $580,000 after acquiring an additional 1,478 shares during the period. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Price Performance

Marcus & Millichap stock opened at $38.47 on Tuesday. The stock has a market capitalization of $1.49 billion, a PE ratio of -120.22 and a beta of 1.16. Marcus & Millichap, Inc. has a 12 month low of $29.93 and a 12 month high of $42.80. The business has a 50 day simple moving average of $37.43 and a 200-day simple moving average of $38.59.

Marcus & Millichap (NYSE:MMI) last announced its earnings results on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.28. Marcus & Millichap had a negative net margin of 1.78% and a negative return on equity of 1.98%. The company had revenue of $240.08 million for the quarter. During the same period last year, the firm earned ($0.27) EPS.

Marcus & Millichap Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Wednesday, March 12th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, March 12th. This represents a yield of 1.3%. Marcus & Millichap’s payout ratio is -156.25%.

Marcus & Millichap Company 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.