The RMR Group (NASDAQ:RMR) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

The RMR Group (NASDAQ:RMR) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03), FiscalAI reports. The RMR Group had a net margin of 3.52% and a return on equity of 4.03%. The business had revenue of $145.63 million for the quarter, compared to analysts’ expectations of $171.44 million.

The RMR Group Stock Performance

Shares of The RMR Group stock traded up $0.12 during trading on Wednesday, hitting $19.62. 295,573 shares of the company’s stock were exchanged, compared to its average volume of 184,029. The business has a 50-day simple moving average of $16.50 and a 200-day simple moving average of $15.96. The RMR Group has a 52-week low of $13.48 and a 52-week high of $19.92. The stock has a market capitalization of $629.02 million, a price-to-earnings ratio of 14.22 and a beta of 1.03.

The RMR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 9.2%. The ex-dividend date is Tuesday, April 21st. The RMR Group’s payout ratio is presently 130.43%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in shares of The RMR Group by 313.1% during the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,124 shares during the last quarter. Quarry LP acquired a new position in The RMR Group in the third quarter valued at approximately $36,000. Strs Ohio purchased a new stake in The RMR Group in the 1st quarter worth approximately $50,000. Tower Research Capital LLC TRC boosted its position in The RMR Group by 442.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 2,513 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of The RMR Group by 120.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,393 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,857 shares during the period. Hedge funds and other institutional investors own 42.31% of the company’s stock.

Wall Street Analyst Weigh In

RMR has been the subject of several analyst reports. LADENBURG THALM/SH SH initiated coverage on The RMR Group in a report on Wednesday, January 7th. They set a “buy” rating and a $17.00 price objective for the company. B. Riley Financial decreased their price objective on The RMR Group from $24.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Weiss Ratings raised shares of The RMR Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th. Finally, Zacks Research upgraded shares of The RMR Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

The RMR Group Company Profile

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.