Marcus & Millichap, Inc. (MMI) To Go Ex-Dividend on September 15th

Marcus & Millichap, Inc. (NYSE:MMI) declared a dividend on Friday, July 31st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.25 per share by the real estate investment trust on Tuesday, October 6th. This represents a dividend yield of 163.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

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

Marcus & Millichap Price Performance

Shares of MMI stock opened at $31.26 on Friday. The business’s 50 day simple moving average is $31.35 and its 200 day simple moving average is $29.21. Marcus & Millichap has a one year low of $24.43 and a one year high of $33.55. The stock has a market capitalization of $1.18 billion, a PE ratio of 84.48 and a beta of 1.23.

Marcus & Millichap (NYSE:MMI) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. Marcus & Millichap had a net margin of 1.77% and a return on equity of 2.97%. The business had revenue of $202.91 million during the quarter, compared to the consensus estimate of $194.30 million.

About Marcus & Millichap

Marcus & Millichap, Inc is a commercial real estate brokerage and investment services company that specializes in the sale, financing, research and advisory of investment properties. Its platform serves private investors, institutions, developers and other real estate owners across a range of property types, including multifamily, retail, industrial, office, self-storage, hospitality, senior housing and manufactured housing.

The company provides investment sales and brokerage services through its Marcus & Millichap brand.