The RMR Group (NASDAQ:RMR) Announces Earnings Results

The RMR Group (NASDAQ:RMR) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01), FiscalAI reports. The RMR Group had a return on equity of 3.44% and a net margin of 3.23%.

The RMR Group Stock Down 0.2%

Shares of NASDAQ RMR traded down $0.04 during midday trading on Wednesday, hitting $18.95. 168,929 shares of the company’s stock were exchanged, compared to its average volume of 174,367. The firm has a market capitalization of $608.11 million, a PE ratio of 15.66 and a beta of 1.05. The RMR Group has a 12 month low of $14.27 and a 12 month high of $21.45. The company’s 50 day moving average price is $20.26 and its 200 day moving average price is $18.14.

The RMR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend is Monday, July 20th. The RMR Group’s dividend payout ratio (DPR) is presently 148.76%.

Institutional Investors Weigh In On The RMR Group

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of The RMR Group by 34.0% in the third quarter. JPMorgan Chase & Co. now owns 40,514 shares of the financial services provider’s stock valued at $637,000 after purchasing an additional 10,278 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in shares of The RMR Group during the 2nd quarter worth about $614,000. Schonfeld Strategic Advisors LLC lifted its stake in shares of The RMR Group by 77.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 30,206 shares of the financial services provider’s stock worth $450,000 after buying an additional 13,226 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of The RMR Group by 16.7% during the 1st quarter. AQR Capital Management LLC now owns 24,962 shares of the financial services provider’s stock worth $416,000 after buying an additional 3,580 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of The RMR Group by 7.1% during the 3rd quarter. Alliancebernstein L.P. now owns 21,097 shares of the financial services provider’s stock worth $332,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 42.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RMR shares. Zacks Research raised shares of The RMR Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings raised shares of The RMR Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.00.

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.