The RMR Group Inc. (NASDAQ:RMR) Plans $0.45 Quarterly Dividend

The RMR Group Inc. (NASDAQ:RMR) declared a quarterly dividend on Thursday, April 9th. Stockholders of record on Tuesday, April 21st will be paid a dividend of 0.45 per share by the financial services provider on Thursday, May 14th. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Tuesday, April 21st.

The RMR Group has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. The RMR Group has a payout ratio of 123.3% indicating that 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 $1.32 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 136.4%.

The RMR Group Stock Performance

RMR traded up $0.27 during trading on Thursday, hitting $16.39. The stock had a trading volume of 118,494 shares, compared to its average volume of 179,272. The firm has a market capitalization of $525.46 million, a P/E ratio of 11.88 and a beta of 0.93. The company’s 50-day moving average price is $16.28 and its 200 day moving average price is $15.73. The RMR Group has a twelve month low of $13.48 and a twelve month high of $18.09.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $180.42 million for the quarter, compared to analysts’ expectations of $214.10 million. The RMR Group had a net margin of 3.52% and a return on equity of 4.03%. As a group, equities analysts expect that The RMR Group will post 1.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The RMR Group

Several institutional investors have recently made changes to their positions in RMR. AQR Capital Management LLC boosted its position in shares of The RMR Group by 16.7% during the 1st 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 in the last quarter. NewEdge Advisors LLC boosted its position in shares of The RMR Group by 313.1% during the 1st quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,124 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of The RMR Group by 17.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 157,921 shares of the financial services provider’s stock worth $2,629,000 after purchasing an additional 23,073 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of The RMR Group during the 1st quarter worth $988,000. Finally, Strs Ohio purchased a new stake in shares of The RMR Group during the 1st quarter worth $50,000. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

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.