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

The RMR Group Inc. (NASDAQ:RMR) shares hit a new 52-week low on Tuesday . The stock traded as low as $19.01 and last traded at $19.09, with a volume of 155878 shares trading hands. The stock had previously closed at $19.45.

The RMR Group Price Performance

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 stock has a market capitalization of $608.02 million, a price-to-earnings ratio of 14.04 and a beta of 1.24. The stock’s 50 day simple moving average is $20.89 and its 200-day simple moving average is $23.41.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share 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 net margin of 2.57% and a return on equity of 6.40%. During the same quarter in the prior year, the business posted $0.48 EPS. On average, analysts expect that The RMR Group Inc. will post 1.51 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.80 annualized dividend and a dividend yield of 9.43%. The RMR Group’s dividend payout ratio (DPR) is presently 132.35%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. grew its holdings in 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 purchasing an additional 2,831 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of The RMR Group by 13.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,496 shares of the financial services provider’s stock worth $926,000 after buying an additional 4,390 shares during the period. Barclays PLC grew its stake in The RMR Group by 55.6% in the 3rd quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock valued at $1,286,000 after buying an additional 18,100 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in The RMR Group by 160.2% in the 4th quarter. CWA Asset Management Group LLC now owns 48,029 shares of the financial services provider’s stock worth $991,000 after acquiring an additional 29,568 shares during the period. Finally, International Assets Investment Management LLC lifted its position in 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 worth $26,000 after acquiring an additional 1,000 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.