The RMR Group (NASDAQ:RMR) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

The RMR Group (NASDAQ:RMR) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02, FiscalAI reports. The RMR Group had a net margin of 2.48% and a return on equity of 4.60%. The firm had revenue of $180.42 million during the quarter, compared to the consensus estimate of $214.10 million.

The RMR Group Stock Up 3.7%

Shares of RMR opened at $15.67 on Thursday. The firm has a fifty day moving average price of $15.56 and a 200-day moving average price of $15.81. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $502.38 million, a P/E ratio of 14.92 and a beta of 0.96. The RMR Group has a 12-month low of $13.48 and a 12-month high of $19.24.

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Monday, January 26th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Monday, January 26th. The RMR Group’s dividend payout ratio (DPR) is 171.43%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RMR shares. Zacks Research raised The RMR Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. LADENBURG THALM/SH SH began coverage on The RMR Group in a research report on Wednesday, January 7th. They issued a “buy” rating and a $17.00 price target for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of The RMR Group in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of The RMR Group from a “sell” rating to a “hold” rating in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, The RMR Group has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Insiders Place Their Bets

In related news, major shareholder Tremont Realty Capital Llc acquired 2,015,748 shares of the stock in a transaction on Thursday, December 11th. The stock was bought at an average cost of $8.65 per share, with a total value of $17,436,220.20. Following the transaction, the insider directly owned 4,577,835 shares in the company, valued at approximately $39,598,272.75. This represents a 78.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 54.69% of the stock is owned by insiders.

Institutional Trading of The RMR Group

Several institutional investors and hedge funds have recently modified their holdings of RMR. NewEdge Advisors LLC grew its stake in The RMR Group by 313.1% in the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,124 shares in the last quarter. Quarry LP bought a new stake in The RMR Group during the 3rd quarter valued at $36,000. Strs Ohio purchased a new stake in shares of The RMR Group in the 1st quarter worth $50,000. Tower Research Capital LLC TRC grew its position in shares of The RMR Group by 442.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the financial services provider’s stock worth $50,000 after buying an additional 2,513 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of The RMR Group by 120.9% during the third quarter. BNP Paribas Financial Markets now owns 3,393 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,857 shares during the period. Institutional investors own 42.31% of the company’s stock.

The RMR Group Company Profile

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.