The RMR Group (NASDAQ:RMR) Reaches New 1-Year Low – Here’s Why

The RMR Group Inc. (NASDAQ:RMR) reached a new 52-week low during trading on Monday . The company traded as low as $20.26 and last traded at $20.33, with a volume of 9412 shares trading hands. The stock had previously closed at $20.29.

The RMR Group Stock Performance

The company has a market cap of $649.02 million, a price-to-earnings ratio of 14.99 and a beta of 1.23. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $23.05 and its 200 day moving average price is $23.92.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The company had revenue of $212.30 million for the quarter, compared to analyst estimates of $220.15 million. The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. During the same period last year, the company posted $0.48 EPS. On average, analysts expect that The RMR Group Inc. will post 1.62 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date of this dividend was Monday, October 28th. The RMR Group’s payout ratio is currently 132.35%.

Institutional Trading of The RMR Group

Institutional investors have recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC boosted its position in The RMR Group by 40.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock worth $20,946,000 after purchasing an additional 238,360 shares during the period. Federated Hermes Inc. boosted its position in shares of The RMR Group by 4.7% in the second quarter. Federated Hermes Inc. now owns 527,826 shares of the financial services provider’s stock worth $11,929,000 after buying an additional 23,654 shares during the period. Renaissance Technologies LLC boosted its position in shares of The RMR Group by 0.3% in the second quarter. Renaissance Technologies LLC now owns 454,217 shares of the financial services provider’s stock worth $10,265,000 after buying an additional 1,303 shares during the period. Garner Asset Management Corp grew its stake in shares of The RMR Group by 2.0% in the third quarter. Garner Asset Management Corp now owns 288,273 shares of the financial services provider’s stock valued at $7,316,000 after buying an additional 5,745 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of The RMR Group by 7.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 147,913 shares of the financial services provider’s stock valued at $3,343,000 after buying an additional 10,303 shares during the period. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Company Profile

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.