Marcus & Millichap (NYSE:MMI - Get Free Report) posted its quarterly earnings data on Friday. The real estate investment trust reported $0.22 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.28, Zacks reports. The firm had revenue of $240.08 million for 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 previous year, the firm posted ($0.27) earnings per share.
Marcus & Millichap Price Performance
Marcus & Millichap stock traded down $0.57 during mid-day trading on Tuesday, hitting $38.73. The company's stock had a trading volume of 167,148 shares, compared to its average volume of 91,211. Marcus & Millichap has a 52-week low of $29.93 and a 52-week high of $42.80. The firm's 50 day moving average is $37.58 and its 200 day moving average is $38.54. The company has a market cap of $1.50 billion, a PE ratio of -47.81 and a beta of 1.16.
Marcus & Millichap Announces Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Wednesday, March 12th will be given a dividend of $0.25 per share. This represents a yield of 1.3%. The ex-dividend date is Wednesday, March 12th. Marcus & Millichap's payout ratio is -61.73%.
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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