The RMR Group Inc. (RMR) To Go Ex-Dividend on October 19th

The RMR Group Inc. (NASDAQ:RMR) declared a quarterly dividend on Thursday, October 8th. Stockholders of record on Monday, October 19th will be paid a dividend of $0.45 per share by the financial services provider on Thursday, November 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Monday, October 19th.

The RMR Group has a dividend payout ratio of 123.3% indicating that 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 $0.73 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 246.6%.

The RMR Group Stock Performance

The RMR Group stock opened at $17.71 on Friday. The stock’s 50 day moving average is $19.07 and its 200 day moving average is $19.01. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $568.14 million, a P/E ratio of 15.54 and a beta of 1.00. The RMR Group has a twelve month low of $14.27 and a twelve month high of $21.45.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The RMR Group had a net margin of 3.10% and a return on equity of 2.96%. The company had revenue of $153.51 million for the quarter, compared to the consensus estimate of $147.60 million. On average, equities research analysts predict that The RMR Group will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RMR shares. Weiss Ratings lowered shares of The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Maxim Group assumed coverage on shares of The RMR Group in a report on Friday. They set a “buy” rating and a $26.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, The RMR Group presently has an average rating of “Moderate Buy” and an average target price of $21.33.

About The RMR Group

The RMR Group Inc is an alternative asset management company that provides management services to publicly traded and private real estate companies. Its platform supports businesses that own and operate commercial real estate, including office, industrial, healthcare, senior living, hotel, and other property types.

RMR’s services include property and asset management, leasing, acquisitions and dispositions, development and redevelopment, construction management, financing support, and strategic planning.