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

The RMR Group (NASDAQ:RMR) announced its earnings results on Thursday. The financial services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04, FiscalAI reports. The business had revenue of $163.64 million during the quarter, compared to analysts’ expectations of $154.10 million. The RMR Group had a net margin of 3.10% and a return on equity of 2.96%.

The RMR Group Stock Down 0.3%

Shares of The RMR Group stock traded down $0.04 on Thursday, hitting $15.71. The company had a trading volume of 164,595 shares, compared to its average volume of 159,073. The stock has a market capitalization of $503.98 million, a price-to-earnings ratio of 23.16 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 1 year low of $14.73 and a 1 year high of $21.45. The stock has a 50 day moving average of $17.87 and a 200-day moving average of $18.28.

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be issued a $0.45 dividend. 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 currently 157.89%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings cut shares of The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Maxim Group began coverage on The RMR Group in a research report on Friday, October 9th. They issued 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 assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.33.

The RMR Group Company Profile

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.