The RMR Group Inc. (NASDAQ:RMR) to Issue Quarterly Dividend of $0.45

The RMR Group Inc. (NASDAQ:RMR) announced a quarterly dividend on Thursday, July 9th. Investors of record on Monday, July 20th will be given a dividend of 0.45 per share by the financial services provider on Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Monday, July 20th.

The RMR Group has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. The RMR Group has a payout ratio of 123.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect The RMR Group to earn $0.78 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 230.8%.

The RMR Group Stock Performance

NASDAQ RMR traded up $0.31 during trading hours on Thursday, reaching $20.18. The company’s stock had a trading volume of 137,353 shares, compared to its average volume of 172,379. The stock has a market cap of $647.58 million, a PE ratio of 16.68 and a beta of 1.05. The RMR Group has a fifty-two week low of $14.27 and a fifty-two week high of $21.45. The company’s 50-day moving average is $20.03 and its two-hundred day moving average is $17.51.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $145.63 million during the quarter, compared to analysts’ expectations of $171.44 million. The RMR Group had a net margin of 3.23% and a return on equity of 3.44%. Equities analysts expect that The RMR Group will post 0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on RMR. B. Riley Financial lowered their target price on The RMR Group from $24.00 to $21.00 and set a “buy” rating on the stock in a report 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 “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, The RMR Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

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.