Marcus & Millichap, Inc. (NYSE:MMI) Short Interest Down 18.3% in February

Marcus & Millichap, Inc. (NYSE:MMI) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 301,400 shares, a decrease of 18.3% from the January 31st total of 369,100 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 91,600 shares, the short-interest ratio is currently 3.3 days.

Marcus & Millichap Stock Performance

Marcus & Millichap stock opened at $38.47 on Tuesday. Marcus & Millichap has a fifty-two week low of $29.93 and a fifty-two week high of $42.80. The firm’s 50-day simple moving average is $37.43 and its 200 day simple moving average is $38.59. The stock has a market cap of $1.49 billion, a PE ratio of -120.22 and a beta of 1.16.

Marcus & Millichap (NYSE:MMI) last released its earnings results on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.28. The company had revenue of $240.08 million during the quarter. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%. During the same period in the prior year, the company earned ($0.27) earnings per share.

Marcus & Millichap Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.25 per share. This represents a dividend yield of 1.3%. The ex-dividend date is Wednesday, March 12th. Marcus & Millichap’s payout ratio is -156.25%.

Hedge Funds Weigh In On Marcus & Millichap

Several institutional investors have recently added to or reduced their stakes in the stock. Creative Planning boosted its stake in Marcus & Millichap by 100.2% in the third quarter. Creative Planning now owns 15,689 shares of the real estate investment trust’s stock valued at $622,000 after acquiring an additional 7,853 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Marcus & Millichap by 6.3% in the third quarter. Janney Montgomery Scott LLC now owns 23,421 shares of the real estate investment trust’s stock valued at $928,000 after purchasing an additional 1,392 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Marcus & Millichap by 103.8% during the third quarter. Harbor Capital Advisors Inc. now owns 149,403 shares of the real estate investment trust’s stock valued at $5,921,000 after purchasing an additional 76,089 shares during the period. Oppenheimer Asset Management Inc. increased its position in Marcus & Millichap by 6.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,651 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 530 shares during the last quarter. Finally, Royce & Associates LP raised its stake in shares of Marcus & Millichap by 0.3% in the third quarter. Royce & Associates LP now owns 2,303,153 shares of the real estate investment trust’s stock valued at $91,274,000 after buying an additional 6,000 shares during the period. Institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Company Profile

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.