Marcus & Millichap, Inc. (NYSE:MMI) to Issue Semi-Annual Dividend of $0.25

Marcus & Millichap, Inc. (NYSE:MMIGet Free Report) declared a Semi-Annual dividend on Friday, February 9th, Zacks reports. Investors of record on Tuesday, March 12th will be paid a dividend of 0.25 per share by the real estate investment trust on Friday, April 5th. The ex-dividend date is Monday, March 11th.

Marcus & Millichap Stock Up 1.8 %

Shares of MMI opened at $38.41 on Friday. The stock has a 50 day moving average price of $39.05 and a 200 day moving average price of $34.39. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -91.45 and a beta of 1.23. Marcus & Millichap has a 52-week low of $26.81 and a 52-week high of $44.24.

Institutional Investors Weigh In On Marcus & Millichap

Several large investors have recently modified their holdings of MMI. Envestnet Asset Management Inc. lifted its holdings in shares of Marcus & Millichap by 375.0% during the first quarter. Envestnet Asset Management Inc. now owns 285,199 shares of the real estate investment trust’s stock worth $1,813,000 after purchasing an additional 225,155 shares during the period. Norges Bank acquired a new stake in shares of Marcus & Millichap during the fourth quarter worth $7,556,000. Renaissance Technologies LLC lifted its holdings in shares of Marcus & Millichap by 328.8% during the second quarter. Renaissance Technologies LLC now owns 248,700 shares of the real estate investment trust’s stock worth $9,199,000 after purchasing an additional 190,700 shares during the period. First Trust Advisors LP lifted its holdings in shares of Marcus & Millichap by 305.6% during the first quarter. First Trust Advisors LP now owns 238,683 shares of the real estate investment trust’s stock worth $12,574,000 after purchasing an additional 179,833 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Marcus & Millichap by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,777,320 shares of the real estate investment trust’s stock worth $57,068,000 after purchasing an additional 140,119 shares during the period. 60.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Monday, November 6th.

View Our Latest Analysis on MMI

Marcus & Millichap Company Profile

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Marcus & Millichap, Inc, an investment 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, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.

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Dividend History for Marcus & Millichap (NYSE:MMI)

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