Marcus & Millichap, Inc. (NYSE:MMI) Plans Semi-annual Dividend of $0.25

Marcus & Millichap, Inc. (NYSE:MMI) declared a semi-annual dividend on Friday, February 7th, Wall Street Journal reports. Shareholders of record on Wednesday, March 12th will be given a dividend of 0.25 per share by the real estate investment trust on Friday, April 4th. This represents a yield of 1.3%. The ex-dividend date is Wednesday, March 12th.

Marcus & Millichap has a payout ratio of 59.5% indicating that its dividend is sufficiently covered by earnings.

Marcus & Millichap Stock Performance

Shares of NYSE MMI opened at $37.37 on Monday. The company has a market capitalization of $1.45 billion, a P/E ratio of -116.78 and a beta of 1.15. Marcus & Millichap has a 52-week low of $29.93 and a 52-week high of $42.80. The company’s 50 day moving average price is $37.45 and its 200-day moving average price is $38.62.

Marcus & Millichap (NYSE:MMI) last posted its earnings results on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.28. The firm had revenue of $240.08 million during the quarter. Marcus & Millichap had a negative net margin of 1.78% and a negative return on equity of 1.98%. During the same quarter in the previous year, the company earned ($0.27) EPS.

Insider Buying and Selling

In other Marcus & Millichap news, insider Gregory A. Laberge sold 828 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $38.26, for a total transaction of $31,679.28. Following the transaction, the insider now directly owns 5,222 shares in the company, valued at $199,793.72. This trade represents a 13.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.20% of the stock is owned by company insiders.

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.