Marcus & Millichap, Inc. (NYSE:MMI) to Issue Dividend of $0.25

Marcus & Millichap, Inc. (NYSE:MMI – Get Free Report) announced a dividend on Monday, August 3rd. 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 is Tuesday, September 15th.

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

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Marcus & Millichap Stock Performance

Shares of NYSE MMI opened at $30.77 on Tuesday. Marcus & Millichap has a fifty-two week low of $24.43 and a fifty-two week high of $33.62. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -3,073.83 and a beta of 1.23. The business’s 50 day moving average price is $30.35 and its 200-day moving average price is $28.15.

Marcus & Millichap (NYSE:MMI – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). Marcus & Millichap had a positive return on equity of 0.43% and a negative net margin of 0.08%.The company had revenue of $171.47 million during the quarter, compared to analysts’ expectations of $162.20 million. During the same quarter in the previous year, the business earned ($0.11) EPS. Marcus & Millichap’s revenue was up 18.3% compared to the same quarter last year.

About Marcus & Millichap

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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.

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