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

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) declared a quarterly dividend on Thursday, July 10th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 10.14%.

The RMR Group has a payout ratio of 123.3% meaning 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 1.0%

Shares of NASDAQ:RMR traded up $0.18 during midday trading on Friday, hitting $17.76. The stock had a trading volume of 36,928 shares, compared to its average volume of 119,334. The RMR Group has a 12 month low of $13.48 and a 12 month high of $26.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.10. The business's 50-day simple moving average is $15.70 and its 200-day simple moving average is $17.03. The company has a market cap of $566.03 million, a P/E ratio of 14.63 and a beta of 1.13.

The RMR Group (NASDAQ:RMR - Get Free Report) last released 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 company had revenue of $166.67 million for the quarter, compared to the consensus estimate of $214.10 million. On average, sell-side analysts forecast that The RMR Group will post 1.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of The RMR Group

Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its stake in The RMR Group by 313.1% during the first 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 in the last quarter. Strs Ohio purchased a new stake in shares of The RMR Group in the first quarter valued at about $50,000. AQR Capital Management LLC raised its holdings in shares of The RMR Group by 16.7% in the first quarter. AQR Capital Management LLC now owns 24,962 shares of the financial services provider's stock valued at $416,000 after purchasing an additional 3,580 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of The RMR Group in the first quarter valued at about $988,000. Finally, Goldman Sachs Group Inc. increased its holdings in The RMR Group by 17.1% during the first quarter. Goldman Sachs Group Inc. now owns 157,921 shares of the financial services provider's stock worth $2,629,000 after buying an additional 23,073 shares during the last quarter. 42.31% of the stock is currently owned by institutional investors.

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.