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

Marcus & Millichap, Inc. (NYSE:MMI) announced a Semi-Annual dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.25 per share by the real estate investment trust on Friday, October 4th. This represents a yield of 1.3%. The ex-dividend date of this dividend is Monday, September 16th.

Marcus & Millichap has a dividend payout ratio of 58.1% indicating that its dividend is sufficiently covered by earnings.

Marcus & Millichap Stock Performance

NYSE MMI opened at $40.12 on Friday. Marcus & Millichap has a twelve month low of $26.81 and a twelve month high of $44.24. The stock has a market cap of $1.55 billion, a PE ratio of -40.12 and a beta of 1.13. The firm has a 50-day simple moving average of $37.83 and a 200 day simple moving average of $34.47.

Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. The company had revenue of $158.37 million during the quarter. Marcus & Millichap had a negative return on equity of 5.50% and a negative net margin of 5.68%.

Analyst Ratings Changes

Several brokerages have issued reports on MMI. Wells Fargo & Company boosted their price target on shares of Marcus & Millichap from $20.00 to $30.00 and gave the company an “underweight” rating in a report on Friday, September 6th. StockNews.com raised shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th.

Insider Transactions at Marcus & Millichap

In related news, CEO Hessam Nadji sold 15,000 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $35.27, for a total value of $529,050.00. Following the sale, the chief executive officer now owns 224,123 shares of the company’s stock, valued at approximately $7,904,818.21. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 29,700 shares of company stock valued at $1,119,675. Corporate insiders own 39.20% of the company’s stock.

Marcus & Millichap Company Profile

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.