The RMR Group (NASDAQ:RMR) Announces Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• The RMR Group reported earnings of $0.28 per share for the quarter, missing analyst expectations by $0.03.
• The company announced a quarterly dividend of $0.45, reflecting an annual yield of 11.0% and a payout ratio of 148.76%.
• Institutional investors currently own 42.31% of The RMR Group's stock, indicating significant interest from large financial entities.

The RMR Group (NASDAQ:RMR - Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03), Zacks reports. The RMR Group had a net margin of 2.51% and a return on equity of 5.35%.

The RMR Group Stock Performance

The RMR Group stock traded up $0.29 during mid-day trading on Tuesday, reaching $16.42. The company's stock had a trading volume of 194,164 shares, compared to its average volume of 151,294. The RMR Group has a 12-month low of $13.48 and a 12-month high of $26.06. The company has a market capitalization of $523.47 million, a P/E ratio of 13.57 and a beta of 1.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.00. The firm's fifty day moving average price is $16.46 and its two-hundred day moving average price is $16.62.

The RMR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, July 21st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date is Monday, July 21st. The RMR Group's payout ratio is currently 148.76%.

Institutional Trading of The RMR Group

A number of large investors have recently modified their holdings of RMR. NewEdge Advisors LLC lifted its holdings in shares of The RMR Group by 313.1% during 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 last quarter. Strs Ohio bought a new stake in The RMR Group in the first quarter worth $50,000. AQR Capital Management LLC lifted its stake in 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 worth $416,000 after purchasing an additional 3,580 shares during the last quarter. Jane Street Group LLC bought a new stake in The RMR Group in the first quarter worth $988,000. Finally, Goldman Sachs Group Inc. lifted its stake in The RMR Group by 17.1% in the first quarter. Goldman Sachs Group Inc. now owns 157,921 shares of the financial services provider's stock worth $2,629,000 after purchasing an additional 23,073 shares during the last quarter. Institutional investors own 42.31% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on shares of The RMR Group in a research report on Tuesday, April 22nd. They set a "buy" rating and a $24.00 price objective on the stock.

About The RMR Group

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.

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