Dimensional Fund Advisors LP Sells 573 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

Dimensional Fund Advisors LP reduced its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 0.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,790,574 shares of the real estate investment trust’s stock after selling 573 shares during the period. Dimensional Fund Advisors LP owned about 4.63% of Marcus & Millichap worth $56,439,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Marcus & Millichap during the 1st quarter valued at approximately $85,000. EntryPoint Capital LLC bought a new position in shares of Marcus & Millichap during the 1st quarter valued at approximately $85,000. LRI Investments LLC purchased a new stake in shares of Marcus & Millichap during the 1st quarter valued at approximately $143,000. Scharf Investments LLC lifted its stake in shares of Marcus & Millichap by 18.8% during the 1st quarter. Scharf Investments LLC now owns 5,905 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 933 shares in the last quarter. Finally, Heritage Family Offices LLP purchased a new stake in shares of Marcus & Millichap during the 2nd quarter valued at approximately $207,000. 62.78% of the stock is owned by institutional investors.

Marcus & Millichap Trading Down 1.4 %

Shares of MMI stock opened at $39.56 on Friday. The stock has a market capitalization of $1.53 billion, a P/E ratio of -39.56 and a beta of 1.13. The firm’s 50 day moving average is $38.79 and its 200 day moving average is $34.81. Marcus & Millichap, Inc. has a 12 month low of $26.81 and a 12 month high of $44.24.

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

Marcus & Millichap Announces Dividend

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

Insider Transactions at Marcus & Millichap

In other news, CEO Hessam Nadji sold 15,000 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $35.27, for a total value of $529,050.00. Following the transaction, the chief executive officer now owns 224,123 shares of the company’s stock, valued at approximately $7,904,818.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Hessam Nadji sold 15,000 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $35.27, for a total value of $529,050.00. Following the transaction, the chief executive officer now owns 224,123 shares of the company’s stock, valued at approximately $7,904,818.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Norma J. Lawrence sold 1,123 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $40.00, for a total transaction of $44,920.00. Following the completion of the transaction, the director now directly owns 24,971 shares in the company, valued at approximately $998,840. The disclosure for this sale can be found here. Insiders have sold 30,823 shares of company stock valued at $1,164,595 in the last quarter. Insiders own 39.20% of the company’s stock.

Wall Street Analyst Weigh In

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

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.