Victory Capital Management Inc. Buys 640 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

Victory Capital Management Inc. grew its holdings in Marcus & Millichap, Inc. (NYSE:MMI) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,253 shares of the real estate investment trust’s stock after purchasing an additional 640 shares during the quarter. Victory Capital Management Inc.’s holdings in Marcus & Millichap were worth $620,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of MMI. Nuveen Asset Management LLC grew its position in shares of Marcus & Millichap by 197.8% in the second quarter. Nuveen Asset Management LLC now owns 509,672 shares of the real estate investment trust’s stock valued at $19,810,000 after purchasing an additional 338,510 shares during the last quarter. BlackRock Inc. grew its position in Marcus & Millichap by 5.3% during the second quarter. BlackRock Inc. now owns 6,077,734 shares of the real estate investment trust’s stock worth $236,240,000 after buying an additional 307,401 shares in the last quarter. Invesco Ltd. grew its position in Marcus & Millichap by 370.1% during the second quarter. Invesco Ltd. now owns 312,598 shares of the real estate investment trust’s stock worth $12,151,000 after buying an additional 246,099 shares in the last quarter. Vanguard Group Inc. grew its position in Marcus & Millichap by 5.6% during the second quarter. Vanguard Group Inc. now owns 3,881,361 shares of the real estate investment trust’s stock worth $150,868,000 after buying an additional 207,285 shares in the last quarter. Finally, FMR LLC acquired a new stake in Marcus & Millichap during the first quarter worth about $5,202,000. 58.40% of the stock is currently owned by institutional investors.

Shares of MMI opened at $48.86 on Friday. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 18.94 and a beta of 0.87. Marcus & Millichap, Inc. has a 12 month low of $32.67 and a 12 month high of $52.25. The company has a 50-day moving average price of $48.04 and a two-hundred day moving average price of $42.85.

Marcus & Millichap (NYSE:MMI) last posted its earnings results on Friday, November 5th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.50. Marcus & Millichap had a net margin of 9.90% and a return on equity of 17.81%. The company had revenue of $332.38 million during the quarter. During the same quarter last year, the firm posted $0.15 EPS.

Separately, Wells Fargo & Company lifted their target price on Marcus & Millichap from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 1st.

About Marcus & Millichap

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.

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Institutional Ownership by Quarter for Marcus & Millichap (NYSE:MMI)

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