Marcus & Millichap (NYSE:MMI) Issues Earnings Results

Marcus & Millichap (NYSE:MMI) announced its earnings results on Friday. The real estate investment trust reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.28, Zacks reports. The business had revenue of $240.08 million during the quarter. Marcus & Millichap had a negative net margin of 5.01% and a negative return on equity of 4.95%. During the same quarter in the prior year, the firm posted ($0.27) earnings per share.

Marcus & Millichap Trading Up 5.7 %

Shares of Marcus & Millichap stock opened at $39.40 on Friday. The company has a 50-day simple moving average of $37.67 and a two-hundred day simple moving average of $38.55. Marcus & Millichap has a one year low of $29.93 and a one year high of $42.80.

Marcus & Millichap Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Wednesday, March 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a yield of 1.3%. Marcus & Millichap’s dividend payout ratio is presently -61.73%.

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.