The RMR Group Inc. (RMR) To Go Ex-Dividend on April 21st

The RMR Group Inc. (NASDAQ:RMR) announced a quarterly dividend on Thursday, April 9th. Investors of record on Tuesday, April 21st will be given a dividend of 0.45 per share by the financial services provider on Thursday, May 14th. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend is Tuesday, April 21st.

The RMR Group has raised its dividend 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 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 research analysts expect The RMR Group to earn $1.32 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 136.4%.

The RMR Group Stock Up 2.3%

The RMR Group stock opened at $16.96 on Friday. The firm has a market cap of $543.74 million, a price-to-earnings ratio of 12.29 and a beta of 0.93. The RMR Group has a 52 week low of $13.48 and a 52 week high of $18.09. The business’s 50-day moving average price is $16.38 and its 200 day moving average price is $15.76.

The RMR Group (NASDAQ:RMR) last posted its earnings results on Wednesday, February 4th. The financial services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The firm had revenue of $180.42 million for the quarter, compared to analyst estimates of $214.10 million. The RMR Group had a return on equity of 4.03% and a net margin of 3.52%. Equities analysts expect that The RMR Group will post 1.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on RMR. Weiss Ratings raised The RMR Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 5th. Wall Street Zen raised The RMR Group from a “sell” rating to a “hold” rating in a report on Monday, December 22nd. LADENBURG THALM/SH SH began coverage on The RMR Group in a report on Wednesday, January 7th. They set a “buy” rating and a $17.00 target price on the stock. Zacks Research raised The RMR Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, B. Riley Financial dropped their target price on The RMR Group from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, The RMR Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

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.