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

Marcus & Millichap, Inc. (NYSE:MMIGet Free Report) announced a dividend on Monday, August 3rd. Investors of record on Tuesday, September 15th will be given a dividend of 0.25 per share by the real estate investment trust on Tuesday, October 6th. This represents a yield of 163.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

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

Marcus & Millichap Stock Up 0.4%

MMI stock opened at $30.82 on Wednesday. The firm has a market cap of $1.17 billion, a P/E ratio of -3,079.32 and a beta of 1.23. The company’s 50-day moving average price is $30.41 and its two-hundred day moving average price is $28.18. Marcus & Millichap has a 12 month low of $24.43 and a 12 month high of $33.62.

Marcus & Millichap (NYSE:MMIGet Free Report) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). Marcus & Millichap had a negative net margin of 0.08% and a positive return on equity of 0.43%. The business had revenue of $171.47 million for the quarter, compared to the consensus estimate of $162.20 million. During the same period last year, the company earned ($0.11) EPS. The firm’s revenue was up 18.3% compared to the same quarter last year.

Marcus & Millichap Company Profile

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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.

Further Reading

Dividend History for Marcus & Millichap (NYSE:MMI)

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