The RMR Group (NASDAQ:RMR) Shares Cross Below 50-Day Moving Average - What's Next?

Key Points

• The RMR Group’s shares slipped below their 50-day moving average, reaching $20.04 before recovering to $20.38. The stock’s 50-day average is $20.19, while its 200-day average is $18.35.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” from four analysts, though the average price target of $19.00 is below the recent trading price.
• The company reported quarterly EPS of $0.15, slightly missing estimates, while revenue of $153.51 million exceeded expectations. It also paid a quarterly dividend of $0.45, representing an annualized yield of approximately 8.8%.

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.19 and traded as low as $20.04. The RMR Group shares last traded at $20.38, with a volume of 106,410 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of The RMR Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.00.

The RMR Group Stock Up 0.6%

The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $653.79 million, a PE ratio of 17.88 and a beta of 1.05. The firm's fifty day moving average is $20.19 and its 200-day moving average is $18.35.

The RMR Group (NASDAQ:RMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.01). The business had revenue of $153.51 million during the quarter, compared to analysts' expectations of $147.60 million. The RMR Group had a net margin of 3.10% and a return on equity of 2.96%. On average, equities research analysts predict that The RMR Group Inc. will post 0.63 earnings per share for the current year.

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $1.80 dividend on an annualized basis and a yield of 8.8%. The RMR Group's dividend payout ratio (DPR) is 157.89%.

Hedge Funds Weigh In On The RMR Group

A number of large investors have recently made changes to their positions in RMR. NewEdge Advisors LLC grew its position 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 buying an additional 1,124 shares during the period. Quarry LP acquired a new stake in shares of The RMR Group during the 3rd quarter valued at approximately $36,000. State of Alaska Department of Revenue acquired a new stake in shares of The RMR Group during the 4th quarter valued at approximately $41,000. Tower Research Capital LLC TRC boosted its stake in shares of The RMR Group by 442.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the financial services provider's stock worth $50,000 after acquiring an additional 2,513 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of The RMR Group during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 42.31% of the company's stock.

The RMR Group Company Profile

The RMR Group, Inc NASDAQ: RMR is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.

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