The RMR Group (NASDAQ:RMR) Hits New 1-Year Low – Should You Sell?

The RMR Group Inc. (NASDAQ:RMR) reached a new 52-week low on Monday . The stock traded as low as $22.01 and last traded at $22.05, with a volume of 27834 shares trading hands. The stock had previously closed at $22.19.

The RMR Group Price Performance

The firm has a market cap of $690.97 million, a PE ratio of 16.32 and a beta of 1.26. The firm has a fifty day simple moving average of $24.69 and a two-hundred day simple moving average of $24.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.86 and a current ratio of 0.85.

The RMR Group (NASDAQ:RMR) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $220.15 million. During the same quarter in the prior year, the firm posted $0.48 EPS. Equities analysts predict that The RMR Group Inc. will post 1.51 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date was Monday, October 28th. The RMR Group’s payout ratio is 132.35%.

Institutional Investors Weigh In On The RMR Group

Several large investors have recently added to or reduced their stakes in RMR. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of The RMR Group by 40.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock valued at $20,946,000 after purchasing an additional 238,360 shares during the last quarter. Garner Asset Management Corp lifted its position in The RMR Group by 14.8% in the second quarter. Garner Asset Management Corp now owns 282,528 shares of the financial services provider’s stock worth $6,385,000 after buying an additional 36,369 shares during the last quarter. Federated Hermes Inc. lifted its position in The RMR Group by 4.7% in the second quarter. Federated Hermes Inc. now owns 527,826 shares of the financial services provider’s stock worth $11,929,000 after buying an additional 23,654 shares during the last quarter. Corsair Capital Management L.P. boosted its stake in The RMR Group by 92,252.2% during the third quarter. Corsair Capital Management L.P. now owns 21,241 shares of the financial services provider’s stock worth $539,000 after buying an additional 21,218 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in The RMR Group by 124.6% during the third quarter. Harbor Capital Advisors Inc. now owns 33,329 shares of the financial services provider’s stock valued at $846,000 after acquiring an additional 18,493 shares during the last quarter. 42.31% of the stock is owned by institutional investors.

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.