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

The RMR Group Inc. (NASDAQ:RMR) declared a quarterly dividend on Thursday, July 9th. Stockholders of record on Monday, July 20th will be paid a dividend of 0.45 per share by the financial services provider on Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Monday, July 20th.

The RMR Group has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. The RMR Group has a dividend 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 analysts expect The RMR Group to earn $0.78 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 230.8%.

The RMR Group Stock Performance

Shares of RMR opened at $20.18 on Friday. The RMR Group has a 52 week low of $14.27 and a 52 week high of $21.45. The stock has a market capitalization of $647.58 million, a price-to-earnings ratio of 16.68 and a beta of 1.05. The stock has a fifty day moving average of $20.07 and a 200-day moving average of $17.55.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The RMR Group had a return on equity of 3.44% and a net margin of 3.23%.The firm had revenue of $145.63 million for the quarter, compared to the consensus estimate of $171.44 million. As a group, equities analysts forecast that The RMR Group will post 0.69 EPS for the current year.

Analyst Upgrades and Downgrades

RMR has been the topic of a number of recent research reports. B. Riley Financial cut their price target on The RMR Group from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Weiss Ratings raised The RMR Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, Zacks Research upgraded shares of The RMR Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, The RMR Group currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

About The RMR Group

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.