Tributary Capital Management LLC increased its position in shares of Marcus & Millichap Inc (NYSE:MMI) by 12.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 666,217 shares of the real estate investment trust’s stock after buying an additional 76,320 shares during the quarter. Marcus & Millichap accounts for about 2.0% of Tributary Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Tributary Capital Management LLC owned about 1.71% of Marcus & Millichap worth $27,135,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Marcus & Millichap by 1,549.0% in the fourth quarter. Principal Financial Group Inc. now owns 199,525 shares of the real estate investment trust’s stock valued at $6,850,000 after buying an additional 187,425 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Marcus & Millichap by 878.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 28,051 shares of the real estate investment trust’s stock worth $889,000 after purchasing an additional 25,184 shares during the last quarter. James Investment Research Inc. acquired a new stake in Marcus & Millichap during the 4th quarter worth approximately $1,081,000. Morgan Stanley lifted its holdings in Marcus & Millichap by 4.0% during the 3rd quarter. Morgan Stanley now owns 253,254 shares of the real estate investment trust’s stock worth $8,791,000 after purchasing an additional 9,843 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Marcus & Millichap by 25.9% during the 4th quarter. Prudential Financial Inc. now owns 240,044 shares of the real estate investment trust’s stock worth $8,241,000 after purchasing an additional 49,437 shares during the last quarter. Institutional investors and hedge funds own 59.03% of the company’s stock.
Several research firms recently weighed in on MMI. ValuEngine cut Marcus & Millichap from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research cut Marcus & Millichap from a “buy” rating to a “hold” rating in a report on Thursday, February 14th.
Shares of NYSE MMI opened at $35.62 on Friday. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 3.36 and a beta of 1.25. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.02. Marcus & Millichap Inc has a fifty-two week low of $30.66 and a fifty-two week high of $43.50.
Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.02). Marcus & Millichap had a net margin of 10.71% and a return on equity of 23.51%. The company had revenue of $160.70 million during the quarter, compared to analyst estimates of $178.13 million. During the same period in the prior year, the firm earned $0.46 earnings per share. Marcus & Millichap’s revenue was down 7.9% on a year-over-year basis. As a group, equities research analysts forecast that Marcus & Millichap Inc will post 2.14 EPS for the current fiscal year.
About Marcus & Millichap
Marcus & Millichap, Inc, a 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, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties.
Recommended Story: What is a blue-chip stock?
Receive News & Ratings for Marcus & Millichap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus & Millichap and related companies with MarketBeat.com's FREE daily email newsletter.