Marcus & Millichap, Inc. (NYSE:MMI) Plans $0.25 Half year 25 Dividend

Key Points

• Marcus & Millichap, Inc. declared a half year 25 dividend of $0.25 per share, scheduled to be paid on October 6th to shareholders of record as of September 15th.
• The company has a payout ratio of 73.5%, indicating strong coverage of the dividend by earnings.
• MMI stock has seen a recent trading decline to $30.50, with a market capitalization of $1.19 billion, reflecting a challenging performance in the past year.

Marcus & Millichap, Inc. (NYSE:MMI - Get Free Report) announced a half year 25 dividend on Friday, August 1st, RTT News reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.25 per share by the real estate investment trust on Monday, October 6th. This represents a dividend yield of 160.0%. The ex-dividend date is Monday, September 15th.

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

Marcus & Millichap Stock Performance

Shares of Marcus & Millichap stock traded up $0.86 on Tuesday, reaching $32.08. The company had a trading volume of 56,911 shares, compared to its average volume of 122,421. The firm's 50 day moving average price is $30.79 and its two-hundred day moving average price is $32.96. The firm has a market cap of $1.25 billion, a PE ratio of -188.69 and a beta of 1.27. Marcus & Millichap has a 52-week low of $27.61 and a 52-week high of $42.80.

Marcus & Millichap (NYSE:MMI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.05. Marcus & Millichap had a negative net margin of 0.95% and a negative return on equity of 1.09%. The firm had revenue of $145.04 million for the quarter, compared to the consensus estimate of $140.20 million.

Institutional Trading of Marcus & Millichap

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in Marcus & Millichap by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 119,789 shares of the real estate investment trust's stock valued at $4,127,000 after purchasing an additional 3,095 shares during the last quarter. New York State Teachers Retirement System raised its position in Marcus & Millichap by 11.4% in the 1st quarter. New York State Teachers Retirement System now owns 23,618 shares of the real estate investment trust's stock valued at $814,000 after purchasing an additional 2,416 shares during the last quarter. Deutsche Bank AG raised its position in Marcus & Millichap by 54.1% in the 4th quarter. Deutsche Bank AG now owns 21,494 shares of the real estate investment trust's stock valued at $822,000 after purchasing an additional 7,542 shares during the last quarter. JPMorgan Chase & Co. raised its position in Marcus & Millichap by 61.5% during the 4th quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust's stock worth $4,709,000 after buying an additional 46,865 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Marcus & Millichap by 4,330.3% during the 1st quarter. GAMMA Investing LLC now owns 20,911 shares of the real estate investment trust's stock worth $720,000 after buying an additional 20,439 shares during the last quarter. Hedge funds and other institutional investors own 62.78% of the company's stock.

Marcus & Millichap Company Profile

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.