Marcus & Millichap (NYSE:MMI) Issues Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Marcus & Millichap (NYSE:MMI) released its earnings results on Friday. The real estate investment trust reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.28, Zacks reports. Marcus & Millichap had a negative net margin of 5.01% and a negative return on equity of 4.95%. During the same period in the prior year, the company earned ($0.27) earnings per share.

Marcus & Millichap Stock Performance

MMI traded up $2.12 on Friday, hitting $39.39. 106,471 shares of the company were exchanged, compared to its average volume of 85,219. The stock’s fifty day moving average is $37.70 and its 200-day moving average is $38.56. Marcus & Millichap has a 12 month low of $29.93 and a 12 month high of $42.80. The company has a market cap of $1.53 billion, a PE ratio of -48.62 and a beta of 1.16.

Marcus & Millichap Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Wednesday, March 12th will be given a $0.25 dividend. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 12th. Marcus & Millichap’s dividend payout ratio is currently -61.73%.

Marcus & Millichap Company Profile

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.