The RMR Group (NASDAQ:RMR) Reaches New 1-Year Low – Here’s Why

The RMR Group Inc. (NASDAQ:RMR)’s share price reached a new 52-week low on Monday . The stock traded as low as $20.11 and last traded at $20.14, with a volume of 46716 shares traded. The stock had previously closed at $20.37.

The RMR Group Stock Up 0.2 %

The company has a market cap of $618.77 million, a PE ratio of 14.29 and a beta of 1.24. The stock has a 50-day moving average of $21.96 and a 200-day moving average of $23.71. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). The RMR Group had a net margin of 2.57% and a return on equity of 6.40%. The business had revenue of $212.30 million during the quarter, compared to analysts’ expectations of $220.15 million. During the same period in the previous year, the business earned $0.48 EPS. Sell-side analysts predict that The RMR Group Inc. will post 1.62 earnings per share for the current fiscal year.

The RMR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.80 annualized dividend and a yield of 9.26%. The RMR Group’s payout ratio is presently 132.35%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Unison Advisors LLC lifted its holdings in shares of The RMR Group by 2.0% in the 3rd quarter. Unison Advisors LLC now owns 21,492 shares of the financial services provider’s stock worth $545,000 after acquiring an additional 412 shares during the last quarter. Meeder Asset Management Inc. raised its position in The RMR Group by 18.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 500 shares during the period. Cubist Systematic Strategies LLC lifted its stake in The RMR Group by 7.7% in the second quarter. Cubist Systematic Strategies LLC now owns 8,954 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 639 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in The RMR Group by 2.8% during the third quarter. Janney Montgomery Scott LLC now owns 30,102 shares of the financial services provider’s stock valued at $764,000 after buying an additional 817 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of The RMR Group by 1.7% during the second quarter. Rhumbline Advisers now owns 54,324 shares of the financial services provider’s stock valued at $1,228,000 after buying an additional 925 shares during the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

About The RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.