The RMR Group (NASDAQ:RMR) Posts Earnings Results, Misses Expectations By $0.04 EPS

The RMR Group (NASDAQ:RMR) announced its quarterly earnings results on Monday. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04), Zacks reports. The company had revenue of $212.30 million during the quarter, compared to the consensus estimate of $220.15 million. The RMR Group had a return on equity of 6.38% and a net margin of 2.57%. During the same quarter in the prior year, the firm earned $0.48 earnings per share.

The RMR Group Stock Performance

RMR stock opened at $22.79 on Thursday. The business’s 50-day moving average is $24.77 and its two-hundred day moving average is $24.26. The company has a market cap of $723.13 million, a price-to-earnings ratio of 16.76 and a beta of 1.26. The RMR Group has a fifty-two week low of $22.01 and a fifty-two week high of $28.82.

The RMR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $1.80 annualized dividend and a dividend yield of 7.90%. The RMR Group’s payout ratio is 132.35%.

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.