The RMR Group (NASDAQ:RMR) Posts Earnings Results, Hits Expectations

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) released its quarterly earnings data on Tuesday. The financial services provider reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28, Zacks reports. The business had revenue of $154.73 million during the quarter, compared to analyst estimates of $201.80 million. The RMR Group had a return on equity of 5.01% and a net margin of 2.56%.

The RMR Group Stock Performance

Shares of The RMR Group stock traded down $0.02 during trading on Friday, reaching $16.04. The company's stock had a trading volume of 111,248 shares, compared to its average volume of 124,541. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 0.88. The business's fifty day moving average price is $16.56 and its 200-day moving average price is $16.56. The firm has a market cap of $511.36 million, a price-to-earnings ratio of 13.71 and a beta of 1.15. The RMR Group has a one year low of $13.48 and a one year high of $26.06.

The RMR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, July 21st will be paid a $0.45 dividend. The ex-dividend date is Monday, July 21st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.2%. The RMR Group's payout ratio is presently 153.85%.

Analyst Ratings Changes

Separately, B. Riley started coverage on 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.

Hedge Funds Weigh In On The RMR Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position 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 purchasing an additional 23,073 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of The RMR Group during the 1st quarter valued at $988,000. AQR Capital Management LLC raised its position in shares of The RMR Group by 16.7% during the 1st quarter. AQR Capital Management LLC now owns 24,962 shares of the financial services provider's stock valued at $416,000 after acquiring an additional 3,580 shares during the last quarter. Strs Ohio bought a new stake in shares of The RMR Group during the 1st quarter valued at $50,000. Finally, NewEdge Advisors LLC raised its position 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 valued at $25,000 after acquiring an additional 1,124 shares during the last quarter. 42.31% of the stock is currently owned by institutional investors.

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.