The RMR Group (NASDAQ:RMR) Reaches New 12-Month Low – What’s Next?

Shares of The RMR Group Inc. (NASDAQ:RMR) hit a new 52-week low during trading on Monday . The stock traded as low as $20.25 and last traded at $20.30, with a volume of 14405 shares changing hands. The stock had previously closed at $20.49.

The RMR Group Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $649.98 million, a price-to-earnings ratio of 15.01 and a beta of 1.23. The company has a 50 day moving average of $22.58 and a 200 day moving average of $23.83.

The RMR Group (NASDAQ:RMR) last issued its earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. The business had revenue of $212.30 million for the quarter, compared to analyst estimates of $220.15 million. During the same period last year, the business posted $0.48 EPS. As a group, equities research analysts anticipate that The RMR Group Inc. will post 1.62 EPS for the current year.

The RMR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a yield of 8.82%. The RMR Group’s dividend payout ratio is presently 132.35%.

Institutional Investors Weigh In On The RMR Group

Several hedge funds have recently modified their holdings of RMR. International Assets Investment Management LLC grew its holdings in The RMR Group by 2,439.0% during the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,000 shares during the period. Meeder Asset Management Inc. boosted its position in The RMR Group by 327.6% during the second quarter. Meeder Asset Management Inc. now owns 2,677 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 2,051 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of The RMR Group by 56.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,595 shares of the financial services provider’s stock worth $149,000 after buying an additional 2,378 shares in the last quarter. SG Americas Securities LLC acquired a new position in The RMR Group during the third quarter worth about $150,000. Finally, Cubist Systematic Strategies LLC increased its stake in shares of The RMR Group by 7.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 8,954 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 639 shares in the last quarter. 42.31% of the stock is owned by institutional investors and hedge funds.

About The RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.