Marcus & Millichap, Inc. (NYSE:MMI - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $38.54 and traded as high as $39.04. Marcus & Millichap shares last traded at $37.53, with a volume of 116,027 shares changing hands.
Marcus & Millichap Stock Up 2.9 %
The company has a market cap of $1.49 billion, a price-to-earnings ratio of -120.00 and a beta of 1.16. The stock's 50-day simple moving average is $37.36 and its 200 day simple moving average is $38.54.
Marcus & Millichap (NYSE:MMI - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The real estate investment trust reported $0.22 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.28. The firm had revenue of $240.08 million for the quarter. Marcus & Millichap had a negative net margin of 1.78% and a negative return on equity of 1.98%. During the same quarter in the prior year, the company posted ($0.27) earnings per share.
Marcus & Millichap Announces Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, April 4th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 12th. This represents a dividend yield of 1.3%. Marcus & Millichap's dividend payout ratio is currently -156.25%.
Hedge Funds Weigh In On Marcus & Millichap
Hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC increased its stake in Marcus & Millichap by 807.2% during the fourth quarter. Sterling Capital Management LLC now owns 753 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 670 shares during the period. R Squared Ltd acquired a new position in shares of Marcus & Millichap in the fourth quarter valued at approximately $66,000. State of Wyoming purchased a new stake in Marcus & Millichap during the 4th quarter worth approximately $156,000. KLP Kapitalforvaltning AS acquired a new stake in Marcus & Millichap during the 4th quarter worth approximately $172,000. Finally, BNP Paribas Financial Markets boosted its position in Marcus & Millichap by 8.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust's stock valued at $205,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 62.78% of the company's stock.
Marcus & Millichap Company Profile
(
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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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