The RMR Group Inc. to Issue Quarterly Dividend of $0.45 (NASDAQ:RMR)

The RMR Group Inc. (NASDAQ:RMR) declared a quarterly dividend on Thursday, January 15th. Investors of record on Monday, January 26th will be given a dividend of 0.45 per share by the financial services provider on Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Monday, January 26th.

The RMR Group has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. The RMR Group has a dividend payout ratio of 123.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect The RMR Group to earn $1.32 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 136.4%.

The RMR Group Price Performance

NASDAQ RMR traded up $0.26 on Thursday, reaching $16.46. The company’s stock had a trading volume of 212,128 shares, compared to its average volume of 151,708. The RMR Group has a twelve month low of $13.48 and a twelve month high of $20.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.25 and a current ratio of 0.25. The firm’s 50 day moving average is $15.44 and its two-hundred day moving average is $15.97. The stock has a market cap of $527.72 million, a PE ratio of 15.68 and a beta of 0.96.

The RMR Group (NASDAQ:RMR) last issued its earnings results on Wednesday, November 12th. The financial services provider reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $152.23 million during the quarter, compared to analysts’ expectations of $210.10 million. The RMR Group had a net margin of 2.48% and a return on equity of 4.60%. As a group, sell-side analysts predict that The RMR Group will post 1.51 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on RMR. Zacks Research cut The RMR Group from a “hold” rating to a “strong sell” rating in a research note on Monday, November 24th. Weiss Ratings restated a “sell (d+)” rating on shares of The RMR Group in a report on Monday, December 29th. Wall Street Zen upgraded shares of The RMR Group from a “sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, LADENBURG THALM/SH SH began coverage on shares of The RMR Group in a report on Wednesday, January 7th. They set a “buy” rating and a $17.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, The RMR Group presently has a consensus rating of “Hold” and an average target price of $20.50.

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.