The RMR Group Inc. (NASDAQ:RMR) Plans Dividend Increase - $0.45 Per Share

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) announced a quarterly dividend on Thursday, April 11th, Zacks reports. Investors of record on Monday, April 22nd will be given a dividend of 0.45 per share by the financial services provider on Thursday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date is Friday, April 19th. This is a boost from The RMR Group's previous quarterly dividend of $0.40.

The RMR Group has raised its dividend payment by an average of 1.7% per year over the last three years. The RMR Group has a dividend payout ratio of 85.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities research analysts expect The RMR Group to earn $2.22 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 72.1%.

The RMR Group Stock Performance

NASDAQ RMR traded down $0.38 on Friday, hitting $24.04. 63,009 shares of the stock traded hands, compared to its average volume of 90,252. The business's fifty day moving average is $23.98 and its two-hundred day moving average is $24.70. The RMR Group has a 12 month low of $20.79 and a 12 month high of $28.82. The firm has a market capitalization of $762.31 million, a price-to-earnings ratio of 6.95 and a beta of 1.30.

The RMR Group (NASDAQ:RMR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. The company had revenue of $261.67 million during the quarter, compared to the consensus estimate of $223.18 million. Analysts expect that The RMR Group will post 1.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on RMR. StockNews.com lowered shares of The RMR Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 8th. TheStreet upgraded shares of The RMR Group from a "c+" rating to a "b-" rating in a research note on Tuesday, January 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming boosted its position in shares of The RMR Group by 78.7% in the second quarter. State of Wyoming now owns 7,250 shares of the financial services provider's stock valued at $168,000 after acquiring an additional 3,193 shares during the period. Citigroup Inc. lifted its stake in The RMR Group by 18.4% in the 1st quarter. Citigroup Inc. now owns 5,971 shares of the financial services provider's stock worth $157,000 after purchasing an additional 926 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in The RMR Group by 110.9% in the 2nd quarter. Wells Fargo & Company MN now owns 6,510 shares of the financial services provider's stock valued at $151,000 after purchasing an additional 3,423 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of The RMR Group during the 3rd quarter valued at $114,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of The RMR Group by 2,538.4% in the first quarter. Envestnet Asset Management Inc. now owns 293,339 shares of the financial services provider's stock worth $90,000 after purchasing an additional 282,221 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.