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

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) declared a quarterly dividend on Sunday, July 13th, RTT News reports. Shareholders of record on Monday, July 21st will be paid a dividend of 0.45 per share by the financial services provider on Thursday, August 14th. This represents a $1.80 dividend on an annualized basis and a yield of 10.16%. The ex-dividend date of this dividend is Monday, July 21st.

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 research 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 Stock Up 0.8%

RMR stock traded up $0.14 during trading on Friday, reaching $17.72. The stock had a trading volume of 83,062 shares, compared to its average volume of 119,482. The RMR Group has a 1-year low of $13.48 and a 1-year high of $26.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $564.91 million, a P/E ratio of 14.64 and a beta of 1.13. The firm has a fifty day moving average price of $15.76 and a 200 day moving average price of $16.96.

The RMR Group (NASDAQ:RMR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). The RMR Group had a return on equity of 5.35% and a net margin of 2.51%. The firm had revenue of $166.67 million during the quarter, compared to analyst estimates of $214.10 million. On average, equities analysts anticipate that The RMR Group will post 1.51 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of The RMR Group from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th. B. Riley assumed coverage on shares of The RMR Group in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $24.00 target price for the company.

Institutional Investors Weigh In On The RMR Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RMR. Jane Street Group LLC bought a new position in shares of The RMR Group during the 1st quarter valued at $988,000. Goldman Sachs Group Inc. raised its holdings in The RMR Group by 17.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 157,921 shares of the financial services provider's stock worth $2,629,000 after acquiring an additional 23,073 shares during the period. AQR Capital Management LLC raised its holdings in The RMR Group by 16.7% in the 1st quarter. AQR Capital Management LLC now owns 24,962 shares of the financial services provider's stock worth $416,000 after acquiring an additional 3,580 shares during the period. Strs Ohio bought a new position in The RMR Group in the 1st quarter worth $50,000. Finally, NewEdge Advisors LLC raised its holdings in The RMR Group by 313.1% in the 1st quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider's stock worth $25,000 after acquiring an additional 1,124 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.