eXp World Holdings, Inc. (NASDAQ:EXPI – Get Free Report) announced a quarterly dividend on Friday, July 26th, Zacks reports. Investors of record on Wednesday, August 14th will be given a dividend of 0.05 per share by the technology company on Friday, August 30th. This represents a $0.20 annualized dividend and a yield of 1.70%. The ex-dividend date is Wednesday, August 14th.
eXp World has a dividend payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect eXp World to earn $0.48 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 41.7%.
eXp World Trading Down 0.5 %
EXPI stock opened at $11.75 on Monday. The stock has a market cap of $1.82 billion, a P/E ratio of -69.12 and a beta of 2.34. eXp World has a twelve month low of $8.91 and a twelve month high of $24.48. The company’s 50 day moving average is $11.94 and its two-hundred day moving average is $11.55.
Analysts Set New Price Targets
A number of analysts recently issued reports on EXPI shares. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson increased their price objective on eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a report on Thursday, August 1st.
Get Our Latest Stock Report on eXp World
Insider Buying and Selling at eXp World
In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $10.92, for a total transaction of $273,000.00. Following the completion of the sale, the chief executive officer now owns 41,513,393 shares in the company, valued at $453,326,251.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have sold 384,783 shares of company stock worth $4,870,440. 35.70% of the stock is owned by company insiders.
About eXp World
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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