The RMR Group (NASDAQ:RMR) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

The RMR Group (NASDAQ:RMR) issued its earnings results on Wednesday. The financial services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01), FiscalAI reports. The RMR Group had a return on equity of 2.95% and a net margin of 3.10%.The firm had revenue of $153.51 million during the quarter, compared to analyst estimates of $147.60 million.

The RMR Group Stock Up 3.3%

RMR stock traded up $0.61 during mid-day trading on Friday, reaching $19.41. The company had a trading volume of 183,849 shares, compared to its average volume of 173,825. The RMR Group has a one year low of $14.27 and a one year high of $21.45. The stock has a market capitalization of $622.93 million, a P/E ratio of 17.03 and a beta of 1.05. The stock’s 50-day simple moving average is $20.23 and its two-hundred day simple moving average is $18.16.

The RMR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 20th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 20th. This represents a $1.80 annualized dividend and a yield of 9.3%. The RMR Group’s dividend payout ratio (DPR) is currently 148.76%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Zacks Research upgraded The RMR Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings upgraded shares of The RMR Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, The RMR Group presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Institutional Trading of The RMR Group

A number of large investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of The RMR Group by 45.9% in the fourth quarter. Wells Fargo & Company MN now owns 17,481 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 5,502 shares during the period. PharVision Advisers LLC bought a new stake in shares of The RMR Group during the third quarter valued at approximately $205,000. Alliancebernstein L.P. boosted its position in shares of The RMR Group by 7.1% during the third quarter. Alliancebernstein L.P. now owns 21,097 shares of the financial services provider’s stock worth $332,000 after buying an additional 1,400 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in shares of The RMR Group by 18.3% during the third quarter. Schonfeld Strategic Advisors LLC now owns 16,980 shares of the financial services provider’s stock worth $267,000 after buying an additional 2,630 shares during the period. Finally, Creative Planning bought a new position in The RMR Group in the 3rd quarter worth approximately $266,000. Institutional investors and hedge funds own 42.31% of the company’s stock.

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.