The RMR Group Inc. (RMR) To Go Ex-Dividend on October 19th

The RMR Group Inc. (NASDAQ:RMR) declared a quarterly dividend on Thursday, October 8th. Investors of record on Monday, October 19th will be paid a dividend of $0.45 per share by the financial services provider on Thursday, November 12th. This represents a $1.80 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date is Monday, October 19th.

The RMR Group has a dividend payout ratio of 123.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect The RMR Group to earn $0.73 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 246.6%.

The RMR Group Trading Down 2.0%

NASDAQ:RMR traded down $0.38 during trading hours on Friday, hitting $18.32. The stock had a trading volume of 222,327 shares, compared to its average volume of 122,558. The RMR Group has a one year low of $14.27 and a one year high of $21.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $587.71 million, a price-to-earnings ratio of 16.07 and a beta of 1.00. The business’s 50 day moving average is $19.01 and its 200-day moving average is $19.10.

The RMR Group (NASDAQ:RMR) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $153.51 million during the quarter, compared to analyst estimates of $147.60 million. The RMR Group had a return on equity of 2.96% and a net margin of 3.10%. Sell-side analysts anticipate that The RMR Group will post 0.63 EPS for the current fiscal year.

About The RMR Group

The RMR Group Inc is an alternative asset management company that provides management services to publicly traded and private real estate companies. Its platform supports businesses that own and operate commercial real estate, including office, industrial, healthcare, senior living, hotel, and other property types.

RMR’s services include property and asset management, leasing, acquisitions and dispositions, development and redevelopment, construction management, financing support, and strategic planning.