The RMR Group (NASDAQ:RMR) Issues Earnings Results, Misses Estimates By $0.01 EPS

The RMR Group (NASDAQ:RMR) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01), FiscalAI reports. The RMR Group had a net margin of 3.23% and a return on equity of 3.44%. The business had revenue of $153.51 million during the quarter, compared to analyst estimates of $147.60 million.

The RMR Group Stock Down 0.7%

RMR traded down $0.14 during trading on Thursday, hitting $18.81. 206,742 shares of the stock were exchanged, compared to its average volume of 173,192. The RMR Group has a 1-year low of $14.27 and a 1-year high of $21.45. The stock has a fifty day moving average price of $20.26 and a two-hundred day moving average price of $18.14. The firm has a market capitalization of $603.61 million, a P/E ratio of 15.55 and a beta of 1.05.

The RMR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 20th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $1.80 annualized dividend and a yield of 9.6%. The RMR Group’s payout ratio is 148.76%.

Hedge Funds Weigh In On The RMR Group

A number of hedge funds have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in shares of The RMR Group in the 4th quarter valued at $199,000. Inspire Investing LLC boosted its stake in The RMR Group by 7.9% during the 4th quarter. Inspire Investing LLC now owns 31,373 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 2,299 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in The RMR Group by 77.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 30,206 shares of the financial services provider’s stock worth $450,000 after purchasing an additional 13,226 shares during the period. Price T Rowe Associates Inc. MD grew its position in The RMR Group by 16.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,774 shares of the financial services provider’s stock worth $772,000 after purchasing an additional 7,447 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in The RMR Group by 4.2% during the 4th quarter. Russell Investments Group Ltd. now owns 49,188 shares of the financial services provider’s stock worth $733,000 after purchasing an additional 1,982 shares during the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.