Universal Beteiligungs und Servicegesellschaft mbH Purchases 18,498 Shares of Marcus & Millichap, Inc. $MMI

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Marcus & Millichap, Inc. (NYSE:MMI) by 57.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,696 shares of the real estate investment trust’s stock after purchasing an additional 18,498 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Marcus & Millichap worth $1,488,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hsbc Holdings PLC grew its stake in shares of Marcus & Millichap by 260.9% during the 2nd quarter. Hsbc Holdings PLC now owns 47,328 shares of the real estate investment trust’s stock worth $1,440,000 after acquiring an additional 34,215 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Marcus & Millichap by 6.6% during the second quarter. Pzena Investment Management LLC now owns 614,410 shares of the real estate investment trust’s stock worth $18,869,000 after purchasing an additional 38,159 shares during the last quarter. State of Alaska Department of Revenue grew its position in Marcus & Millichap by 7.9% in the second quarter. State of Alaska Department of Revenue now owns 14,383 shares of the real estate investment trust’s stock valued at $441,000 after purchasing an additional 1,050 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Marcus & Millichap by 2.1% in the second quarter. Janney Montgomery Scott LLC now owns 34,025 shares of the real estate investment trust’s stock valued at $1,045,000 after purchasing an additional 685 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Marcus & Millichap by 7.4% in the 2nd quarter. Jennison Associates LLC now owns 282,533 shares of the real estate investment trust’s stock valued at $8,677,000 after buying an additional 19,351 shares during the last quarter. 62.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MMI has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Marcus & Millichap in a research note on Monday, December 29th. Wall Street Zen lowered Marcus & Millichap from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Finally, Wells Fargo & Company decreased their price target on Marcus & Millichap from $30.00 to $29.00 and set an “underweight” rating for the company in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $29.00.

Marcus & Millichap Stock Performance

Shares of MMI stock opened at $27.25 on Friday. Marcus & Millichap, Inc. has a 52-week low of $25.30 and a 52-week high of $41.94. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -170.31 and a beta of 1.33. The firm’s 50-day moving average is $27.71 and its 200-day moving average is $29.56.

Marcus & Millichap (NYSE:MMI) last released its quarterly earnings data on Friday, November 7th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.13. Marcus & Millichap had a negative return on equity of 0.58% and a negative net margin of 0.89%.The firm had revenue of $193.89 million for the quarter, compared to analyst estimates of $183.10 million.

Marcus & Millichap Company Profile

Marcus & Millichap (NYSE: MMI) is a leading commercial real estate brokerage firm focused on investment sales, financing, research and advisory services. Founded in 1971 by George M. Marcus and William A. Millichap, the company has grown to specialize in the marketing of multifamily, retail, office, industrial, hospitality and other commercial property types. Through an extensive network of investment specialists, Marcus & Millichap connects property owners and investors with tailored transactions across a range of asset classes.

The firm offers comprehensive capital markets solutions, including debt and equity placement, structured finance, and customized financing programs.