The RMR Group (NASDAQ:RMR) Hits New 12-Month Low – Time to Sell?

Shares of The RMR Group Inc. (NASDAQ:RMR) reached a new 52-week low on Monday . The company traded as low as $22.01 and last traded at $22.05, with a volume of 27834 shares traded. The stock had previously closed at $22.19.

The RMR Group Stock Performance

The firm has a 50-day moving average price of $24.69 and a two-hundred day moving average price of $24.24. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.85 and a quick ratio of 1.86. The firm has a market capitalization of $690.97 million, a P/E ratio of 16.32 and a beta of 1.26.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Monday, November 11th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). The company had revenue of $212.30 million during the quarter, compared to analysts’ expectations of $220.15 million. The RMR Group had a net margin of 2.57% and a return on equity of 6.40%. During the same period last year, the firm earned $0.48 earnings per share. On average, analysts forecast that The RMR Group Inc. will post 1.51 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.80 annualized dividend and a yield of 8.26%. The RMR Group’s dividend payout ratio (DPR) is currently 132.35%.

Hedge Funds Weigh In On The RMR Group

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in The RMR Group by 2,439.0% in the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,000 shares during the period. Meeder Asset Management Inc. lifted its position in shares of The RMR Group by 327.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,677 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 2,051 shares during the period. Covestor Ltd boosted its stake in shares of The RMR Group by 44.3% during the first quarter. Covestor Ltd now owns 3,940 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 1,210 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in The RMR Group by 56.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,595 shares of the financial services provider’s stock valued at $149,000 after buying an additional 2,378 shares during the period. Finally, SG Americas Securities LLC bought a new position in The RMR Group in the third quarter worth approximately $150,000. Hedge funds and other institutional investors own 42.31% of the company’s stock.

About The RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.