The RMR Group (NASDAQ:RMR) Releases Earnings Results, Misses Estimates By $0.04 EPS

The RMR Group (NASDAQ:RMR) announced its earnings results on Monday. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04), Zacks reports. The business had revenue of $212.30 million for the quarter, compared to analysts’ expectations of $220.15 million. The RMR Group had a net margin of 2.80% and a return on equity of 6.95%. During the same quarter in the prior year, the company posted $0.48 earnings per share.

The RMR Group Stock Performance

NASDAQ RMR traded down $1.66 on Tuesday, reaching $22.77. 201,726 shares of the company’s stock traded hands, compared to its average volume of 84,865. The stock has a 50 day moving average price of $24.86 and a 200-day moving average price of $24.28. The firm has a market cap of $722.49 million, a price-to-earnings ratio of 15.29 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be issued a $0.45 dividend. The ex-dividend date is Monday, October 28th. This represents a $1.80 annualized dividend and a yield of 7.91%. The RMR Group’s dividend payout ratio (DPR) is presently 120.00%.

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.