Marcus & Millichap, Inc. (MMI) To Go Ex-Dividend on March 13th

Marcus & Millichap, Inc. (NYSE:MMI) announced a dividend on Wednesday, February 11th. Investors of record on Friday, March 13th will be given 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 of this dividend is Friday, March 13th.

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

Marcus & Millichap Price Performance

Shares of MMI opened at $25.10 on Friday. Marcus & Millichap has a 1 year low of $24.43 and a 1 year high of $41.94. The stock has a 50 day simple moving average of $27.12 and a two-hundred day simple moving average of $29.24. The firm has a market cap of $977.05 million, a P/E ratio of -156.90 and a beta of 1.32.

Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Friday, February 13th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. Marcus & Millichap had a negative net margin of 0.89% and a negative return on equity of 0.58%. The firm had revenue of $243.95 million during the quarter, compared to analyst estimates of $229.45 million.

Marcus & Millichap Company Profile

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.