eXp World Holdings, Inc. (NASDAQ:EXPI – Get Free Report) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.05 per share by the technology company on Monday, May 27th. This represents a $0.20 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, May 10th.
eXp World has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect eXp World to earn $0.51 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 39.2%.
eXp World Stock Performance
EXPI traded down $0.19 during midday trading on Wednesday, hitting $11.91. The company had a trading volume of 244,114 shares, compared to its average volume of 1,092,131. The company has a market capitalization of $1.84 billion, a PE ratio of -69.11 and a beta of 2.29. eXp World has a twelve month low of $8.91 and a twelve month high of $25.39. The firm’s 50-day simple moving average is $10.73 and its 200-day simple moving average is $12.47.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on EXPI shares. DA Davidson reissued an “underperform” rating and issued a $11.75 price target on shares of eXp World in a report on Thursday, May 2nd. TheStreet cut eXp World from a “c-” rating to a “d” rating in a research note on Monday, March 4th.
Get Our Latest Stock Analysis on EXPI
eXp World Company Profile
eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.
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