Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 32,583 Marcus & Millichap, Inc. (NYSE:MMI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 32,583 shares of Marcus & Millichap, Inc. valued at approximately $1,122,000, increasing its ownership to 0.08% as reported in the latest SEC filing.
• Shares of Marcus & Millichap, Inc. have seen a decline of 1.5%, trading at $30.69, with a market cap of $1.20 billion and PE ratio of -180.52.
• The company is set to pay a $0.25 dividend on October 6th, with a dividend payout ratio currently at -294.12%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Marcus & Millichap, Inc. (NYSE:MMI - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 32,583 shares of the real estate investment trust's stock, valued at approximately $1,122,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Marcus & Millichap as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MMI. Reinhart Partners LLC. lifted its stake in shares of Marcus & Millichap by 13.3% in the 1st quarter. Reinhart Partners LLC. now owns 2,162,935 shares of the real estate investment trust's stock worth $74,513,000 after acquiring an additional 253,444 shares during the period. Norges Bank acquired a new stake in shares of Marcus & Millichap in the 4th quarter worth approximately $2,727,000. JPMorgan Chase & Co. lifted its stake in shares of Marcus & Millichap by 61.5% in the 4th quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust's stock worth $4,709,000 after acquiring an additional 46,865 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Marcus & Millichap by 25.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 191,689 shares of the real estate investment trust's stock worth $6,604,000 after acquiring an additional 39,235 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Marcus & Millichap by 4,330.3% in the 1st quarter. GAMMA Investing LLC now owns 20,911 shares of the real estate investment trust's stock worth $720,000 after acquiring an additional 20,439 shares during the period. 62.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MMI shares. Citizens Jmp started coverage on shares of Marcus & Millichap in a research note on Monday, July 21st. They issued a "market perform" rating for the company. JMP Securities began coverage on shares of Marcus & Millichap in a research note on Monday, July 21st. They issued a "market perform" rating for the company.

Marcus & Millichap Trading Up 1.0%

MMI stock traded up $0.31 on Tuesday, hitting $31.53. 16,515 shares of the company's stock traded hands, compared to its average volume of 122,236. Marcus & Millichap, Inc. has a 1-year low of $27.61 and a 1-year high of $42.80. The stock has a fifty day moving average of $30.79 and a 200-day moving average of $32.96. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -185.43 and a beta of 1.27.

Marcus & Millichap (NYSE:MMI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.05. Marcus & Millichap had a negative net margin of 0.95% and a negative return on equity of 1.09%. The business had revenue of $145.04 million for the quarter, compared to analyst estimates of $140.20 million.

Marcus & Millichap Dividend Announcement

The business also recently disclosed a half year 25 dividend, which will be paid on Monday, October 6th. Shareholders of record on Monday, September 15th will be paid a $0.25 dividend. This represents a yield of 160.0%. The ex-dividend date is Monday, September 15th. Marcus & Millichap's dividend payout ratio is currently -294.12%.

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.