Janney Montgomery Scott LLC Buys 6,687 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

Janney Montgomery Scott LLC increased its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 28.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,108 shares of the real estate investment trust’s stock after acquiring an additional 6,687 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Marcus & Millichap were worth $1,152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heritage Family Offices LLP lifted its stake in Marcus & Millichap by 7.1% in the fourth quarter. Heritage Family Offices LLP now owns 7,030 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 464 shares during the period. Reinhart Partners LLC. raised its holdings in Marcus & Millichap by 4.0% during the fourth quarter. Reinhart Partners LLC. now owns 1,909,491 shares of the real estate investment trust’s stock worth $73,057,000 after acquiring an additional 73,792 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Marcus & Millichap by 2.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 152,454 shares of the real estate investment trust’s stock valued at $5,833,000 after buying an additional 3,051 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Marcus & Millichap by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,224 shares of the real estate investment trust’s stock worth $3,021,000 after purchasing an additional 9,722 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Marcus & Millichap by 2.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 869,669 shares of the real estate investment trust’s stock worth $34,465,000 after acquiring an additional 24,352 shares during the period. 62.78% of the stock is owned by institutional investors.

Marcus & Millichap Stock Down 0.2 %

Marcus & Millichap stock opened at $36.97 on Wednesday. Marcus & Millichap, Inc. has a twelve month low of $29.93 and a twelve month high of $42.80. The stock has a market cap of $1.44 billion, a P/E ratio of -45.64 and a beta of 1.16. The company’s 50-day moving average price is $38.28 and its two-hundred day moving average price is $38.63.

Marcus & Millichap (NYSE:MMI) last released its earnings results on Friday, November 8th. The real estate investment trust reported ($0.14) earnings per share for the quarter. The company had revenue of $168.51 million for the quarter. Marcus & Millichap had a negative net margin of 5.01% and a negative return on equity of 4.95%.

Marcus & Millichap 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.