The RMR Group (NASDAQ:RMR) Reaches New 1-Year Low – Here’s Why

The RMR Group Inc. (NASDAQ:RMR)’s stock price hit a new 52-week low on Monday . The stock traded as low as $20.11 and last traded at $20.14, with a volume of 46716 shares trading hands. The stock had previously closed at $20.37.

The RMR Group Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $618.77 million, a P/E ratio of 14.29 and a beta of 1.24. The firm has a fifty day moving average price of $21.96 and a 200-day moving average price of $23.71.

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

The RMR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.80 annualized dividend and a dividend yield of 9.26%. The RMR Group’s payout ratio is 132.35%.

Hedge Funds Weigh In On The RMR Group

Large investors have recently modified their holdings of the business. CWA Asset Management Group LLC raised its stake in shares of The RMR Group by 160.2% during the 4th quarter. CWA Asset Management Group LLC now owns 48,029 shares of the financial services provider’s stock valued at $991,000 after purchasing an additional 29,568 shares during the period. JPMorgan Chase & Co. grew its holdings in The RMR Group by 36.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider’s stock valued at $2,867,000 after buying an additional 30,258 shares in the last quarter. Franklin Resources Inc. increased its position in shares of The RMR Group by 12.9% during the third quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider’s stock valued at $625,000 after buying an additional 2,831 shares during the period. Barclays PLC lifted its holdings in shares of The RMR Group by 55.6% in the third quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock worth $1,286,000 after buying an additional 18,100 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of The RMR Group by 40.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock valued at $20,946,000 after acquiring an additional 238,360 shares during the period. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Company Profile

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.