The RMR Group (NASDAQ:RMR) Releases Earnings Results, Beats Expectations By $0.04 EPS

The RMR Group (NASDAQ:RMR) released its quarterly earnings results on Thursday. The financial services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04, FiscalAI reports. The RMR Group had a return on equity of 2.96% and a net margin of 3.10%. The business had revenue of $163.64 million for the quarter, compared to analysts’ expectations of $154.10 million.

The RMR Group Stock Performance

NASDAQ:RMR traded up $0.62 during trading hours on Friday, reaching $16.33. 76,898 shares of the stock were exchanged, compared to its average volume of 157,211. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $17.87 and a 200-day simple moving average of $18.28. The RMR Group has a 52 week low of $14.73 and a 52 week high of $21.45. The stock has a market capitalization of $523.74 million, a P/E ratio of 14.45 and a beta of 1.01.

The RMR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 12th. Shareholders of record on Monday, October 19th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, October 19th. This represents a $1.80 annualized dividend and a yield of 11.0%. The RMR Group’s dividend payout ratio is presently 157.89%.

Analysts Set New Price Targets

A number of brokerages have weighed in on RMR. Weiss Ratings lowered The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Maxim Group began coverage on The RMR Group in a report on Friday, October 9th. They set a “buy” rating and a $26.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, The RMR Group has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

About The RMR Group

The RMR Group Inc. is a U.S.-based alternative asset management company that provides management services to real estate and related businesses. Its clients include publicly traded real estate investment trusts, real estate operating companies and private capital vehicles. RMR’s services include property and business management, asset management, leasing, acquisitions and dispositions, financing, development and advisory support. The businesses it manages operate across a range of real estate sectors, including senior living, healthcare, office, industrial and retail.