First National Bank of Omaha Makes New $614,000 Investment in Marcus & Millichap, Inc. $MMI

First National Bank of Omaha acquired a new stake in Marcus & Millichap, Inc. (NYSE:MMI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,924 shares of the real estate investment trust’s stock, valued at approximately $614,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its position in shares of Marcus & Millichap by 299.6% in the third quarter. CWM LLC now owns 3,261 shares of the real estate investment trust’s stock valued at $96,000 after buying an additional 2,445 shares during the last quarter. LRI Investments LLC grew its stake in Marcus & Millichap by 316.2% during the 3rd quarter. LRI Investments LLC now owns 3,484 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 2,647 shares in the last quarter. Quantbot Technologies LP purchased a new position in Marcus & Millichap in the 2nd quarter worth approximately $137,000. Strs Ohio purchased a new stake in shares of Marcus & Millichap in the first quarter valued at approximately $145,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Marcus & Millichap by 769.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,286 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 4,678 shares in the last quarter. Institutional investors and hedge funds own 62.78% of the company’s stock.

Marcus & Millichap Stock Down 0.4%

NYSE:MMI opened at $25.63 on Friday. Marcus & Millichap, Inc. has a 52 week low of $24.43 and a 52 week high of $39.58. The stock’s fifty day moving average is $26.85 and its two-hundred day moving average is $29.04. The stock has a market capitalization of $997.52 million, a price-to-earnings ratio of -640.59 and a beta of 1.32.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data on Friday, February 13th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.12. Marcus & Millichap had a positive return on equity of 0.20% and a negative net margin of 0.25%.The firm had revenue of $243.95 million for the quarter, compared to the consensus estimate of $229.45 million.

Marcus & Millichap Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 3rd. Investors of record on Friday, March 13th will be issued a $0.25 dividend. The ex-dividend date is Friday, March 13th. This represents a dividend yield of 190.0%. Marcus & Millichap’s payout ratio is -1,250.00%.

Wall Street Analysts Forecast Growth

MMI has been the subject of a number of recent research reports. Wall Street Zen downgraded Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of Marcus & Millichap in a research note on Monday, December 29th. Finally, Wells Fargo & Company reduced their price target on shares of Marcus & Millichap from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Sell” and an average price target of $28.00.

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.