The RMR Group (NASDAQ:RMR) Issues Earnings Results

The RMR Group (NASDAQ:RMR) released its quarterly earnings data on Monday. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04), Zacks reports. The RMR Group had a net margin of 2.80% and a return on equity of 6.95%. The firm had revenue of $212.30 million during the quarter, compared to analysts’ expectations of $220.15 million. During the same quarter in the previous year, the firm posted $0.48 EPS.

The RMR Group Price Performance

RMR traded down $1.66 on Tuesday, hitting $22.77. The company had a trading volume of 201,726 shares, compared to its average volume of 84,865. The RMR Group has a 52-week low of $22.01 and a 52-week high of $28.82. The firm has a market capitalization of $722.49 million, a P/E ratio of 15.29 and a beta of 1.26. The stock has a fifty day simple moving average of $24.86 and a 200-day simple moving average of $24.28.

The RMR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be given a $0.45 dividend. The ex-dividend date is Monday, October 28th. This represents a $1.80 annualized dividend and a dividend yield of 7.91%. The RMR Group’s dividend payout ratio is 120.00%.

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.