Marcus & Millichap (NYSE:MMI) Posts Earnings Results, Beats Expectations By $0.28 EPS

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

Marcus & Millichap Price Performance

Shares of NYSE:MMI opened at $39.40 on Friday. Marcus & Millichap has a 12 month low of $29.93 and a 12 month high of $42.80. The stock’s 50 day moving average price is $37.67 and its 200 day moving average price is $38.55.

Marcus & Millichap Dividend Announcement

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

About Marcus & Millichap

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.