Marcus & Millichap, Inc. (NYSE:MMI) Announces Dividend of $0.25

Marcus & Millichap, Inc. (NYSE:MMI) declared a dividend on Wednesday, February 11th. Investors of record on Friday, March 13th will be paid a dividend of 0.25 per share by the real estate investment trust on Friday, April 3rd. This represents a yield of 190.0%. The ex-dividend date is Friday, March 13th.

Marcus & Millichap has a payout ratio of 73.5% meaning its dividend is sufficiently covered by earnings.

Marcus & Millichap Price Performance

Marcus & Millichap stock traded down $0.90 during midday trading on Wednesday, reaching $26.32. The company’s stock had a trading volume of 437,580 shares, compared to its average volume of 268,946. The stock has a market capitalization of $1.02 billion, a P/E ratio of -164.52 and a beta of 1.32. The stock’s 50-day simple moving average is $27.27 and its 200-day simple moving average is $29.29. Marcus & Millichap has a 52-week low of $24.96 and a 52-week high of $41.94.

Hedge Funds Weigh In On Marcus & Millichap

Institutional investors have recently modified their holdings of the stock. Savant Capital LLC lifted its holdings in shares of Marcus & Millichap by 5.7% in the 3rd quarter. Savant Capital LLC now owns 9,632 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 519 shares during the period. Hunter Perkins Capital Management LLC raised its position in Marcus & Millichap by 1.9% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 31,130 shares of the real estate investment trust’s stock valued at $850,000 after acquiring an additional 580 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Marcus & Millichap by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,952 shares of the real estate investment trust’s stock valued at $481,000 after acquiring an additional 600 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Marcus & Millichap by 4.9% in the third quarter. Illinois Municipal Retirement Fund now owns 12,807 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 601 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in Marcus & Millichap by 2.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 34,025 shares of the real estate investment trust’s stock worth $1,045,000 after purchasing an additional 685 shares in the last quarter. Hedge funds and other institutional investors own 62.78% of the company’s stock.

About Marcus & Millichap

Marcus & Millichap (NYSE: MMI) is a leading commercial real estate brokerage firm focused on investment sales, financing, research and advisory services. Founded in 1971 by George M. Marcus and William A. Millichap, the company has grown to specialize in the marketing of multifamily, retail, office, industrial, hospitality and other commercial property types. Through an extensive network of investment specialists, Marcus & Millichap connects property owners and investors with tailored transactions across a range of asset classes.

The firm offers comprehensive capital markets solutions, including debt and equity placement, structured finance, and customized financing programs.