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

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 raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 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. Research 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 Price Performance

Shares of NASDAQ:RMR traded up $0.08 during trading on Thursday, reaching $17.71. The company had a trading volume of 103,185 shares, compared to its average volume of 157,553. The company has a fifty day moving average of $19.14 and a two-hundred day moving average of $19.00. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.06. The stock 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 12 month low of $14.27 and a 12 month high of $21.45.

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

Institutional Trading of The RMR Group

Several hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management grew its stake in shares of The RMR Group by 117.7% during the second quarter. Triumph Capital Management now owns 3,052 shares of the financial services provider’s stock valued at $63,000 after buying an additional 1,650 shares during the last quarter. State of Wyoming bought a new stake in shares of The RMR Group in the 1st quarter valued at about $137,000. DGS Capital Management LLC purchased a new stake in The RMR Group during the 1st quarter valued at about $184,000. First Trust Advisors LP boosted its holdings in The RMR Group by 19.1% during the 1st quarter. First Trust Advisors LP now owns 13,411 shares of the financial services provider’s stock valued at $207,000 after acquiring an additional 2,147 shares during the period. Finally, Ritholtz Wealth Management grew its position in The RMR Group by 111.6% during the 1st quarter. Ritholtz Wealth Management now owns 22,302 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 11,763 shares during the last quarter. 42.31% of the stock is owned by institutional investors.

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.