eXp World Holdings, Inc. (NASDAQ:EXPI) Announces $0.04 Quarterly Dividend

eXp World Holdings, Inc. (NASDAQ:EXPIGet Rating) declared a quarterly dividend on Thursday, May 5th, Wall Street Journal reports. Stockholders of record on Monday, May 16th will be given a dividend of 0.04 per share by the technology company on Tuesday, May 31st. This represents a $0.16 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, May 13th.

eXp World has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Analysts expect eXp World to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 26.2%.

eXp World stock opened at $15.14 on Friday. eXp World has a one year low of $13.16 and a one year high of $55.43. The business has a fifty day moving average price of $20.21 and a 200-day moving average price of $29.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a market capitalization of $2.26 billion, a P/E ratio of 27.53 and a beta of 3.14.

eXp World (NASDAQ:EXPIGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The technology company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $942.56 million. eXp World had a net margin of 2.15% and a return on equity of 44.57%. eXp World’s revenue was up 73.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. Sell-side analysts expect that eXp World will post 0.44 earnings per share for the current fiscal year.

In other news, CEO Glenn Darrel Sanford sold 9,000 shares of the business’s stock in a transaction on Monday, February 14th. The stock was sold at an average price of $29.38, for a total value of $264,420.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jason Gesing sold 7,000 shares of the company’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $13.30, for a total transaction of $93,100.00. Following the transaction, the chief executive officer now owns 2,195,312 shares in the company, valued at approximately $29,197,649.60. The disclosure for this sale can be found here. Insiders have sold a total of 277,942 shares of company stock valued at $6,292,481 in the last ninety days. 35.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its stake in shares of eXp World by 440.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 12,423 shares of the technology company’s stock worth $494,000 after purchasing an additional 10,124 shares in the last quarter. Citigroup Inc. boosted its stake in eXp World by 23.0% during the fourth quarter. Citigroup Inc. now owns 22,612 shares of the technology company’s stock worth $762,000 after buying an additional 4,224 shares during the period. Thrivent Financial for Lutherans grew its holdings in eXp World by 14.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 26,779 shares of the technology company’s stock valued at $902,000 after purchasing an additional 3,360 shares during the last quarter. Royal Bank of Canada grew its stake in shares of eXp World by 53.6% during the third quarter. Royal Bank of Canada now owns 23,359 shares of the technology company’s stock valued at $928,000 after buying an additional 8,149 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in eXp World by 84.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 28,628 shares of the technology company’s stock worth $964,000 after purchasing an additional 13,097 shares during the period. 54.70% of the stock is currently owned by institutional investors and hedge funds.

EXPI has been the subject of a number of recent research reports. William Blair restated a “market perform” rating on shares of eXp World in a report on Friday, February 25th. Zacks Investment Research lowered eXp World from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Finally, DA Davidson reduced their price target on eXp World from $45.00 to $34.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.00.

eXp World Company Profile (Get Rating)

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company facilitates buyers to search real-time property listings and sellers to list their properties through its various platforms; and offers buyers and sellers with access to a network of professionals, consumer-centric agents, and brokers.

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