Marcus & Millichap (MMI) Scheduled to Post Quarterly Earnings on Wednesday

Marcus & Millichap (NYSE:MMI) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Individual interested in listening to the company’s earnings conference call can do so using this link.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.01. The firm had revenue of $166.24 million during the quarter. Marcus & Millichap had a negative return on equity of 5.16% and a negative net margin of 5.27%.

Marcus & Millichap Trading Up 2.3 %

Shares of NYSE MMI opened at $33.30 on Monday. The stock’s 50-day moving average is $33.24 and its 200 day moving average is $35.09. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -37.42 and a beta of 1.20. Marcus & Millichap has a 1-year low of $26.81 and a 1-year high of $44.24.

Marcus & Millichap Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, March 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a dividend yield of 1.3%. Marcus & Millichap’s payout ratio is -56.18%.

Insider Activity at Marcus & Millichap

In other Marcus & Millichap news, COO Richard D. Matricaria sold 9,500 shares of Marcus & Millichap stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $33.32, for a total value of $316,540.00. Following the transaction, the chief operating officer now directly owns 7,078 shares of the company’s stock, valued at approximately $235,838.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Marcus & Millichap news, COO John David Parker sold 9,716 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $32.83, for a total transaction of $318,976.28. Following the completion of the transaction, the chief operating officer now owns 12,376 shares of the company’s stock, valued at approximately $406,304.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Richard D. Matricaria sold 9,500 shares of Marcus & Millichap stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $33.32, for a total value of $316,540.00. Following the completion of the sale, the chief operating officer now owns 7,078 shares in the company, valued at $235,838.96. The disclosure for this sale can be found here. 39.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Marcus & Millichap from a “hold” rating to a “sell” rating in a research report on Monday, March 25th.

Marcus & Millichap Company Profile

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.