The RMR Group (NASDAQ:RMR) Issues Earnings Results, Misses Expectations By $0.03 EPS

The RMR Group (NASDAQ:RMR) released its quarterly earnings results on Wednesday. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03), FiscalAI reports. The RMR Group had a net margin of 3.52% and a return on equity of 4.03%. The firm had revenue of $145.63 million for the quarter, compared to analyst estimates of $171.44 million.

The RMR Group Stock Up 0.6%

Shares of The RMR Group stock traded up $0.12 during trading hours on Wednesday, reaching $19.62. 295,573 shares of the company’s stock were exchanged, compared to its average volume of 184,029. The business has a fifty day moving average of $16.50 and a two-hundred day moving average of $15.96. The company has a market capitalization of $629.02 million, a P/E ratio of 14.22 and a beta of 1.03. The RMR Group has a 1 year low of $13.48 and a 1 year high of $19.92.

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Tuesday, April 21st. The RMR Group’s payout ratio is 130.43%.

Analyst Upgrades and Downgrades

RMR has been the topic of several recent analyst reports. LADENBURG THALM/SH SH started coverage on shares of The RMR Group in a research note on Wednesday, January 7th. They set a “buy” rating and a $17.00 target price on the stock. B. Riley Financial cut their price target on The RMR Group from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Zacks Research raised The RMR Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Weiss Ratings upgraded The RMR Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Hedge Funds Weigh In On The RMR Group

A number of institutional investors and hedge funds have recently bought and sold shares of RMR. XTX Topco Ltd acquired a new position in The RMR Group during the fourth quarter worth about $199,000. Inspire Investing LLC boosted its position in The RMR Group by 7.9% during the fourth quarter. Inspire Investing LLC now owns 31,373 shares of the financial services provider’s stock worth $467,000 after acquiring an additional 2,299 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its position in The RMR Group by 77.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 30,206 shares of the financial services provider’s stock worth $450,000 after acquiring an additional 13,226 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in The RMR Group by 16.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,774 shares of the financial services provider’s stock worth $772,000 after acquiring an additional 7,447 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in The RMR Group by 4.2% during the fourth quarter. Russell Investments Group Ltd. now owns 49,188 shares of the financial services provider’s stock worth $733,000 after acquiring an additional 1,982 shares during the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

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.