Marcus & Millichap, Inc. (NYSE:MMI) Plans $0.25 Semi-Annual Dividend

Marcus & Millichap, Inc. (NYSE:MMIGet Free Report) announced a Semi-Annual dividend on Friday, February 9th, Zacks reports. Shareholders of record on Tuesday, March 12th will be given a dividend of 0.25 per share by the real estate investment trust on Friday, April 5th. This represents a yield of 1.3%. The ex-dividend date of this dividend is Monday, March 11th.

Marcus & Millichap Price Performance

Shares of MMI opened at $34.56 on Friday. The firm has a fifty day moving average price of $37.90 and a 200-day moving average price of $34.62. Marcus & Millichap has a 12-month low of $26.81 and a 12-month high of $44.24.

Marcus & Millichap (NYSE:MMIGet Free Report) last released its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.01. The company had revenue of $166.24 million during the quarter. Marcus & Millichap had a negative net margin of 5.27% and a negative return on equity of 5.16%.

Institutional Trading of Marcus & Millichap

Several institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in Marcus & Millichap during the 2nd quarter valued at about $58,000. Captrust Financial Advisors increased its holdings in Marcus & Millichap by 23.1% during the second quarter. Captrust Financial Advisors now owns 1,825 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 342 shares during the period. West Tower Group LLC bought a new position in Marcus & Millichap in the fourth quarter worth approximately $73,000. Tower Research Capital LLC TRC lifted its holdings in Marcus & Millichap by 446.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,783 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 2,274 shares during the period. Finally, Royal Bank of Canada boosted its position in Marcus & Millichap by 49.9% during the 2nd quarter. Royal Bank of Canada now owns 2,843 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 946 shares in the last quarter. 60.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, cut Marcus & Millichap from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd.

Read Our Latest Report on MMI

About Marcus & Millichap

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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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Dividend History for Marcus & Millichap (NYSE:MMI)

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