Marcus & Millichap (MMI) Set to Announce Quarterly Earnings on Wednesday

Marcus & Millichap (NYSE:MMI) will post its quarterly earnings results before the market opens on Wednesday, May 8th. Parties interested in participating in the company’s conference call can do so using this link.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings results on Friday, February 16th. The real estate investment trust reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.01. Marcus & Millichap had a negative net margin of 5.27% and a negative return on equity of 5.16%. The firm had revenue of $166.24 million for the quarter.

Marcus & Millichap Stock Performance

Shares of NYSE:MMI opened at $33.16 on Tuesday. The company has a market capitalization of $1.27 billion, a PE ratio of -37.47 and a beta of 1.20. The stock has a fifty day moving average of $33.24 and a 200-day moving average of $35.14. Marcus & Millichap has a one year low of $26.81 and a one year high of $44.24.

Marcus & Millichap Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, March 12th were given a dividend of $0.25 per share. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, March 11th. Marcus & Millichap’s dividend payout ratio (DPR) is presently -56.18%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Marcus & Millichap from a “hold” rating to a “sell” rating in a research note on Monday, March 25th.

Insider Activity

In other news, COO Richard D. Matricaria sold 9,500 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $33.32, for a total value of $316,540.00. Following the completion of the sale, the chief operating officer now owns 7,078 shares in the company, valued at $235,838.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Marcus & Millichap news, COO Richard D. Matricaria sold 9,500 shares of Marcus & Millichap stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $33.32, for a total transaction of $316,540.00. Following the transaction, the chief operating officer now owns 7,078 shares of the company’s stock, valued at approximately $235,838.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John David Parker sold 9,716 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $32.83, for a total value of $318,976.28. Following the completion of the transaction, the chief operating officer now owns 12,376 shares in the company, valued at approximately $406,304.08. The disclosure for this sale can be found here. 39.89% of the stock is owned by company insiders.

About Marcus & Millichap

Marcus & Millichap, Inc, an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.