Marcus & Millichap, Inc. (NYSE:MMI) Plans $0.25 Semi-annual Dividend

Marcus & Millichap, Inc. (NYSE:MMI) announced a semi-annual dividend on Friday, February 7th, Wall Street Journal reports. Shareholders of record on Wednesday, March 12th will be given a dividend of 0.25 per share by the real estate investment trust on Friday, April 4th. This represents a yield of 1.3%. The ex-dividend date is Wednesday, March 12th.

Marcus & Millichap has a dividend payout ratio of 59.5% meaning its dividend is sufficiently covered by earnings.

Marcus & Millichap Stock Performance

Marcus & Millichap stock opened at $37.37 on Monday. The firm has a market capitalization of $1.45 billion, a P/E ratio of -116.78 and a beta of 1.15. The company has a 50-day simple moving average of $37.45 and a 200-day simple moving average of $38.62. Marcus & Millichap has a one year low of $29.93 and a one year high of $42.80.

Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings data on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.28. The business 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 last year, the company earned ($0.27) earnings per share.

Insider Activity

In other news, insider Gregory A. Laberge sold 828 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $38.26, for a total value of $31,679.28. Following the completion of the sale, the insider now owns 5,222 shares in the company, valued at $199,793.72. This represents a 13.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 39.20% of the company’s stock.

About Marcus & Millichap

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.