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

The RMR Group Inc. (NASDAQ:RMR) declared a quarterly dividend on Thursday, October 8th. Investors 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 annualized dividend and a dividend yield of 10.2%. The ex-dividend date is Monday, October 19th.

The RMR Group has increased its dividend 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 dividend 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 Trading Up 0.5%

NASDAQ:RMR traded up $0.08 during midday trading on Thursday, reaching $17.71. 103,185 shares of the stock traded hands, compared to its average volume of 157,553. The company has a fifty day moving average of $19.14 and a 200 day moving average of $19.00. The RMR Group has a 12 month low of $14.27 and a 12 month high of $21.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.24 and a current ratio of 0.24. 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 (NASDAQ:RMR) last announced its quarterly earnings results 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 RMR Group had a return on equity of 2.96% and a net margin of 3.10%.The firm had revenue of $153.51 million during the quarter, compared to the consensus estimate of $147.60 million. On average, research analysts predict that The RMR Group will post 0.63 EPS for the current year.

Institutional Investors Weigh In On The RMR Group

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in The RMR Group by 139,802.2% in the second quarter. NewEdge Advisors LLC now owns 64,355 shares of the financial services provider’s stock worth $1,321,000 after purchasing an additional 64,309 shares during the period. Triumph Capital Management boosted its holdings in shares of The RMR Group by 117.7% during the 2nd 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 in the last quarter. Globeflex Capital L P bought a new stake in shares of The RMR Group during the 2nd quarter valued at $852,000. Bank of America Corp DE grew its position in shares of The RMR Group by 76.1% in the 1st quarter. Bank of America Corp DE now owns 941,252 shares of the financial services provider’s stock worth $14,561,000 after buying an additional 406,888 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of The RMR Group by 16.3% in the 1st quarter. Quantinno Capital Management LP now owns 66,829 shares of the financial services provider’s stock worth $1,034,000 after buying an additional 9,347 shares during the period. 42.31% of the stock is currently 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.