eXp World Holdings, Inc. Declares Quarterly Dividend of $0.05 (NASDAQ:EXPI)

eXp World Holdings, Inc. (NASDAQ:EXPI) announced a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Investors of record on Monday, November 18th will be paid a dividend of 0.05 per share by the technology company on Monday, December 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Monday, November 18th.

eXp World has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect eXp World to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 41.7%.

eXp World Stock Down 1.8 %

NASDAQ:EXPI opened at $13.31 on Friday. The firm has a market cap of $2.04 billion, a PE ratio of -60.50 and a beta of 2.31. The company’s 50-day moving average price is $13.58 and its two-hundred day moving average price is $12.51. eXp World has a 12 month low of $8.91 and a 12 month high of $17.11.

Insider Buying and Selling at eXp World

In other news, CEO Glenn Darrel Sanford sold 59,935 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $12.41, for a total transaction of $743,793.35. Following the transaction, the chief executive officer now owns 40,882,685 shares of the company’s stock, valued at $507,354,120.85. This represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Randall D. Miles sold 30,000 shares of eXp World stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $15.11, for a total value of $453,300.00. Following the completion of the sale, the director now owns 547,665 shares of the company’s stock, valued at approximately $8,275,218.15. The trade was a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 635,891 shares of company stock worth $8,577,645. 35.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. BTIG Research upgraded eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson increased their target price on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, August 1st.

About eXp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.