Marcus & Millichap, Inc. (NYSE:MMI – Get Free Report) announced a Semi-Annual dividend on Friday, August 2nd, Zacks reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.25 per share by the real estate investment trust on Friday, October 4th. The ex-dividend date is Monday, September 16th.
Marcus & Millichap has a dividend payout ratio of 58.1% indicating that its dividend is sufficiently covered by earnings.
Marcus & Millichap Price Performance
NYSE MMI traded down $0.32 on Friday, reaching $38.98. The stock had a trading volume of 146,515 shares, compared to its average volume of 124,708. Marcus & Millichap has a 12-month low of $26.81 and a 12-month high of $44.24. The business’s 50-day moving average price is $33.65 and its 200 day moving average price is $34.43.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th.
View Our Latest Analysis on MMI
Insider Transactions at Marcus & Millichap
In other news, COO John David Parker sold 1,835 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $35.29, for a total transaction of $64,757.15. Following the completion of the sale, the chief operating officer now owns 13,373 shares in the company, valued at $471,933.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO John David Parker sold 1,835 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $35.29, for a total transaction of $64,757.15. Following the transaction, the chief operating officer now owns 13,373 shares of the company’s stock, valued at $471,933.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gregory A. Laberge sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $32.68, for a total value of $32,680.00. Following the transaction, the insider now directly owns 6,050 shares in the company, valued at approximately $197,714. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock worth $658,511 over the last 90 days. 39.20% of the stock is currently owned by insiders.
About Marcus & Millichap
Marcus & Millichap, Inc, an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.
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