Pzena Investment Management LLC purchases new shares in Marcus & Millichap, Inc. $MMI. August 18, 2026 Key points. * Pzena Investment Management acquired 2.14 million Marcus & Millichap shares worth approximately $66.7 million, giving it a 5.66% stake. Institutional investors collectively own 62.78% of the company. * Marcus & Millichap exceeded quarterly expectations, reporting EPS of $0.10 versus the $0.03 consensus estimate and revenue of $202.91 million versus $194.30 million expected. * Despite the earnings beat, analysts maintain a consensus "Sell" rating with an average price target of $28, below the reported share price of $31. The company also declared a $0.25 dividend, with a payout ratio of 135.14%. * MarketBeat previews the top five stocks to own by September 1st. Pzena Investment Management LLC acquired a new stake in shares of Marcus & Millichap, Inc. (NYSE:MMI - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,141,001 shares of the real estate investment trust's stock, valued at approximately $66,735,000. Pzena Investment Management LLC owned 5.66% of Marcus & Millichap at the end of the most recent quarter. Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Marcus & Millichap by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 3,816,951 shares of the real estate investment trust's stock valued at $104,165,000 after purchasing an additional 86,609 shares in the last quarter. BlackRock Inc. purchased a new stake in Marcus & Millichap in the second quarter worth about $112,801,000. Dimensional Fund Advisors LP lifted its holdings in Marcus & Millichap by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,481,772 shares of the real estate investment trust's stock worth $39,400,000 after buying an additional 43,196 shares during the period. State Street Corp lifted its holdings in Marcus & Millichap by 3.0% in the fourth quarter. State Street Corp now owns 951,032 shares of the real estate investment trust's stock worth $25,954,000 after buying an additional 27,275 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Marcus & Millichap by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 385,116 shares of the real estate investment trust's stock valued at $10,510,000 after acquiring an additional 3,547 shares in the last quarter. 62.78% of the stock is currently owned by institutional investors. Marcus & Millichap price performance. Shares of Marcus & Millichap stock opened at $31.00 on Tuesday. The company has a 50-day moving average of $30.77 and a 200 day moving average of $28.46. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 83.78 and a beta of 1.23. Marcus & Millichap, Inc. has a 1 year low of $24.43 and a 1 year high of $33.62. Marcus & Millichap (NYSE:MMI - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.10 EPS for the quarter, topping the consensus estimate of $0.03 by $0.07. Marcus & Millichap had a net margin of 1.77% and a return on equity of 2.97%. The business had revenue of $202.91 million for the quarter, compared to analyst estimates of $194.30 million. Marcus & Millichap dividend announcement. The business also recently declared a dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be given a $0.25 dividend. This represents a dividend yield of 163.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Marcus & Millichap's payout ratio is currently 135.14%. Wall Street analysts forecast growth. MMI has been the topic of a number of research analyst reports. Wall Street Zen upgraded Marcus & Millichap from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Weiss Ratings restated a "sell (d)" rating on shares of Marcus & Millichap in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Marcus & Millichap has a consensus rating of "Sell" and an average price target of $28.00. Discover more Stock market news Stock market holidays Stock research tools 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. Want to see what other hedge funds are holding MMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marcus & Millichap, Inc. (NYSE:MMI - Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Marcus & Millichap, you'll want to hear this. 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Levin Johnston completes 1031 exchange with Mountain View Apartment deal. News | August 12, 2026 | Paul Bubny California & West + Apartment Buildings The Levin Johnston team at Marcus & Millichap directed the $12.1-million acquisition of Alamo Park Apartments, a 33-unit multifamily community in Mountain View, on behalf of a private investor. The acquisition completes a 1031 exchange that began with July's $5.6-million sale of The Colony House Apartments in Sacramento. Located at 620 Alamo Ct., the original 25-unit community was built in 1974. The previous ownership recently expanded the property from 25 units to 33, converting tuck-under parking and adding a newly constructed duplex with eight accessory dwelling units (ADUs). This gave the buyer a rare opportunity to acquire new, market-rate inventory within an established community in one of Silicon Valley's tightest submarkets, said Adam Levin, Executive Managing Director of Levin Johnston. "The additional units command new-construction rents and carry no deferred maintenance," Levin said. "Vintage Silicon Valley product typically cannot offer that positioning. We were able to negotiate a basis below recent comparable sales, which made the investment particularly compelling for our client and aligned with the long-term objectives of the exchange."