The RMR Group (NASDAQ:RMR) Hits New 1-Year Low – What’s Next?

The RMR Group Inc. (NASDAQ:RMR)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $21.36 and last traded at $21.37, with a volume of 20521 shares. The stock had previously closed at $21.55.

The RMR Group Stock Down 1.4 %

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 firm has a market capitalization of $650.61 million, a price-to-earnings ratio of 15.02 and a beta of 1.23. The business’s 50-day moving average is $23.25 and its two-hundred day moving average is $23.96.

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

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.80 annualized dividend and a yield of 8.81%. The RMR Group’s dividend payout ratio is presently 132.35%.

Hedge Funds Weigh In On The RMR Group

A number of hedge funds have recently bought and sold shares of RMR. International Assets Investment Management LLC increased its position in shares of The RMR Group by 2,439.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,000 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of The RMR Group by 327.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,677 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 2,051 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in 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 purchasing an additional 2,378 shares during the period. SG Americas Securities LLC purchased a new stake in shares of The RMR Group during the third quarter worth about $150,000. Finally, Nisa Investment Advisors LLC raised its holdings in The RMR Group by 42.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,029 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 2,405 shares in the last quarter. Institutional investors own 42.31% of the company’s stock.

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.