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

Marcus & Millichap (NYSE:MMI) released its quarterly earnings results on Friday. The real estate investment trust reported $0.22 EPS 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 last year, the firm earned ($0.27) EPS.

Marcus & Millichap Trading Up 5.7 %

NYSE MMI traded up $2.11 on Friday, hitting $39.38. 97,258 shares of the company were exchanged, compared to its average volume of 84,776. The firm has a 50 day moving average of $37.70 and a two-hundred day moving average of $38.56. The company has a market cap of $1.53 billion, a P/E ratio of -48.62 and a beta of 1.16. Marcus & Millichap has a 1-year low of $29.93 and a 1-year high of $42.80.

Marcus & Millichap Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Wednesday, March 12th will be paid a $0.25 dividend. This represents a 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%.

About Marcus & Millichap

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.