Natixis Advisors LLC Acquires 374 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

Natixis Advisors LLC lifted its position in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,482 shares of the real estate investment trust’s stock after buying an additional 374 shares during the period. Natixis Advisors LLC’s holdings in Marcus & Millichap were worth $583,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Marcus & Millichap during the 1st quarter valued at about $85,000. EntryPoint Capital LLC purchased a new position in Marcus & Millichap in the 1st quarter worth approximately $85,000. LRI Investments LLC purchased a new position in Marcus & Millichap in the 1st quarter worth approximately $143,000. Scharf Investments LLC increased its stake in Marcus & Millichap by 18.8% in the 1st quarter. Scharf Investments LLC now owns 5,905 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 933 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Marcus & Millichap in the 4th quarter worth approximately $283,000. 62.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. StockNews.com raised Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Wells Fargo & Company boosted their target price on Marcus & Millichap from $20.00 to $30.00 and gave the company an “underweight” rating in a research note on Friday, September 6th.

Insiders Place Their Bets

In other Marcus & Millichap news, CEO Hessam Nadji sold 659 shares of Marcus & Millichap stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $40.33, for a total value of $26,577.47. Following the completion of the transaction, the chief executive officer now directly owns 209,123 shares of the company’s stock, valued at $8,433,930.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 29,700 shares of company stock valued at $1,119,675. 39.20% of the stock is currently owned by corporate insiders.

Marcus & Millichap Stock Performance

MMI opened at $38.46 on Friday. Marcus & Millichap, Inc. has a 52-week low of $26.81 and a 52-week high of $44.24. The stock has a market capitalization of $1.49 billion, a PE ratio of -38.46 and a beta of 1.13. The stock’s 50 day moving average price is $37.66 and its 200-day moving average price is $34.46.

Marcus & Millichap (NYSE:MMI) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.01. Marcus & Millichap had a negative return on equity of 5.50% and a negative net margin of 5.68%. The company had revenue of $158.37 million for the quarter.

Marcus & Millichap Announces Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be issued a $0.25 dividend. This represents a yield of 1.3%. The ex-dividend date of this dividend is Monday, September 16th. Marcus & Millichap’s dividend payout ratio (DPR) is -50.00%.

Marcus & Millichap Company 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.