Tributary Capital Management LLC Has $39.30 Million Stock Holdings in Marcus & Millichap, Inc. $MMI

Tributary Capital Management LLC lifted its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 92.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,339,094 shares of the real estate investment trust’s stock after purchasing an additional 643,277 shares during the period. Marcus & Millichap accounts for about 1.9% of Tributary Capital Management LLC’s portfolio, making the stock its 17th biggest position. Tributary Capital Management LLC owned 3.43% of Marcus & Millichap worth $39,302,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Marcus & Millichap by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,952 shares of the real estate investment trust’s stock worth $481,000 after buying an additional 600 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Marcus & Millichap by 2.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 34,025 shares of the real estate investment trust’s stock valued at $1,045,000 after acquiring an additional 685 shares during the period. Hunter Perkins Capital Management LLC lifted its position in shares of Marcus & Millichap by 2.6% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 30,550 shares of the real estate investment trust’s stock valued at $904,000 after acquiring an additional 785 shares during the period. Police & Firemen s Retirement System of New Jersey grew its holdings in Marcus & Millichap by 16.4% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,606 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 790 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Marcus & Millichap by 17.5% in the third quarter. SG Americas Securities LLC now owns 6,263 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 931 shares during the period. 62.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Marcus & Millichap Stock Down 1.2%

MMI stock opened at $27.71 on Thursday. The firm has a market capitalization of $1.08 billion, a PE ratio of -173.18 and a beta of 1.33. Marcus & Millichap, Inc. has a twelve month low of $26.86 and a twelve month high of $41.94. The stock’s 50 day moving average is $28.64 and its 200-day moving average is $30.11.

Marcus & Millichap (NYSE:MMI) last released its quarterly earnings results on Friday, November 7th. The real estate investment trust reported $0.09 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $193.89 million during the quarter, compared to analyst estimates of $183.10 million.

Marcus & Millichap 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.