The RMR Group (NASDAQ:RMR) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

The RMR Group (NASDAQ:RMR) released its earnings results on Wednesday. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates 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%

NASDAQ RMR traded down $0.04 on Wednesday, reaching $18.95. The company had a trading volume of 168,929 shares, compared to its average volume of 174,367. The stock has a market cap of $608.11 million, a price-to-earnings ratio of 15.66 and a beta of 1.05. The stock’s 50 day moving average is $20.26 and its 200-day moving average is $18.14. The RMR Group has a 52 week low of $14.27 and a 52 week high of $21.45.

The RMR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, July 20th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date is Monday, July 20th. The RMR Group’s dividend payout ratio is currently 148.76%.

Institutional Trading of The RMR Group

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

Analyst Upgrades and Downgrades

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

About The RMR Group

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.