Marcus & Millichap, Inc. (NYSE:MMI - Get Free Report) declared a semi-annual dividend on Friday, February 7th,Wall Street Journal reports. Shareholders of record on Wednesday, March 12th will be paid a dividend of 0.25 per share by the real estate investment trust on Friday, April 4th. This represents a yield of 1.3%. The ex-dividend date is Wednesday, March 12th.
Marcus & Millichap has a dividend payout ratio of 59.5% meaning its dividend is sufficiently covered by earnings.
Marcus & Millichap Stock Up 1.7 %
MMI stock traded up $0.64 during trading on Thursday, hitting $37.25. 116,158 shares of the company's stock traded hands, compared to its average volume of 84,474. The firm has a market capitalization of $1.45 billion, a P/E ratio of -45.99 and a beta of 1.16. Marcus & Millichap has a 1 year low of $29.93 and a 1 year high of $42.80. The business has a fifty day simple moving average of $37.70 and a two-hundred day simple moving average of $38.56.
About Marcus & Millichap
(
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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.
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