The RMR Group (NASDAQ:RMR) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

The RMR Group (NASDAQ:RMR) released its quarterly earnings data on Thursday. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04, FiscalAI reports. The company had revenue of $163.64 million during the quarter, compared to the consensus estimate of $154.10 million. The RMR Group had a return on equity of 2.96% and a net margin of 3.10%.

The RMR Group Trading Down 0.3%

Shares of RMR stock traded down $0.04 during trading hours on Thursday, hitting $15.71. 164,595 shares of the company were exchanged, compared to its average volume of 159,073. The company has a 50 day simple moving average of $17.87 and a two-hundred day simple moving average of $18.28. The firm has a market cap of $503.98 million, a P/E ratio of 13.78 and a beta of 1.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.24 and a current ratio of 0.24. The RMR Group has a fifty-two week low of $14.73 and a fifty-two week high of $21.45.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date is Monday, October 19th. The RMR Group’s dividend payout ratio is presently 157.89%.

Wall Street Analyst Weigh In

Several analysts recently commented on RMR shares. Weiss Ratings cut The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Maxim Group initiated coverage on shares of The RMR Group in a report on Friday, October 9th. They set a “buy” rating and a $26.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.33.

About The RMR Group

The RMR Group Inc. is a U.S.-based alternative asset management company that provides management services to real estate and related businesses. Its clients include publicly traded real estate investment trusts, real estate operating companies and private capital vehicles. RMR’s services include property and business management, asset management, leasing, acquisitions and dispositions, financing, development and advisory support. The businesses it manages operate across a range of real estate sectors, including senior living, healthcare, office, industrial and retail.