The RMR Group (NASDAQ:RMR) Posts Earnings Results, Beats Estimates By $0.02 EPS

The RMR Group (NASDAQ:RMR) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02, FiscalAI reports. The RMR Group had a net margin of 2.48% and a return on equity of 4.60%. The business had revenue of $180.42 million for the quarter, compared to the consensus estimate of $214.10 million.

The RMR Group Price Performance

NASDAQ:RMR opened at $15.67 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.25 and a current ratio of 0.25. The RMR Group has a 52 week low of $13.48 and a 52 week high of $19.24. The firm’s 50-day simple moving average is $15.56 and its 200 day simple moving average is $15.81. The firm has a market cap of $502.38 million, a price-to-earnings ratio of 14.92 and a beta of 0.96.

The RMR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Monday, January 26th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend is Monday, January 26th. The RMR Group’s dividend payout ratio (DPR) is presently 171.43%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RMR shares. Wall Street Zen raised The RMR Group from a “sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of The RMR Group in a research report on Monday, December 29th. LADENBURG THALM/SH SH started coverage on shares of The RMR Group in a research report on Wednesday, January 7th. They set a “buy” rating and a $17.00 price target for the company. Finally, Zacks Research raised The RMR Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Insider Activity at The RMR Group

In other news, major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was bought at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the transaction, the insider owned 4,577,835 shares of the company’s stock, valued at $39,598,272.75. This represents a 78.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 54.69% of the company’s stock.

Institutional Investors Weigh In On The RMR Group

Several hedge funds have recently modified their holdings of the company. Qube Research & Technologies Ltd boosted its position in The RMR Group by 2.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 61,809 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 1,641 shares during the period. First Trust Advisors LP raised its stake in shares of The RMR Group by 8.1% during the second quarter. First Trust Advisors LP now owns 61,574 shares of the financial services provider’s stock valued at $1,007,000 after acquiring an additional 4,596 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of The RMR Group during the first quarter worth $988,000. AQR Capital Management LLC grew its stake in shares of The RMR Group by 16.7% in the first quarter. AQR Capital Management LLC now owns 24,962 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 3,580 shares during the last quarter. Finally, PharVision Advisers LLC acquired a new stake in The RMR Group in the third quarter valued at $205,000. Institutional investors and hedge funds own 42.31% of the company’s stock.

About The RMR Group

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.