eXp World Holdings, Inc. Plans Quarterly Dividend of $0.05 (NASDAQ:EXPI)

eXp World Holdings, Inc. (NASDAQ:EXPI) declared a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.05 per share by the technology company on Monday, December 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Monday, November 18th.

eXp World has a payout ratio of 33.3% indicating that 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 Stock Performance

Shares of EXPI stock opened at $13.31 on Friday. eXp World has a 52-week low of $8.91 and a 52-week high of $17.11. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -60.50 and a beta of 2.31. The firm has a fifty day moving average of $13.58 and a 200-day moving average of $12.53.

Insider Transactions at eXp World

In other eXp World news, insider James Bramble sold 25,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $14.05, for a total transaction of $351,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Glenn Darrel Sanford sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $14.48, for a total transaction of $724,000.00. Following the completion of the transaction, the chief executive officer now directly owns 40,489,080 shares in the company, valued at $586,281,878.40. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 635,891 shares of company stock valued at $8,577,645. 35.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. BTIG Research raised shares of eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday, July 23rd. DA Davidson upped their target price on shares of eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, August 1st.

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.