The RMR Group (NASDAQ:RMR) Sets New 52-Week Low – What’s Next?

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

The RMR Group Stock Performance

The firm has a market cap of $697.11 million, a P/E ratio of 16.04 and a beta of 1.26. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s 50-day moving average is $24.58 and its 200 day moving average is $24.21.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $220.15 million. During the same period in the prior year, the business earned $0.48 EPS. On average, research analysts predict that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.19%. The RMR Group’s payout ratio is 132.35%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of The RMR Group by 2,439.0% in the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,000 shares during the last quarter. Meeder Asset Management Inc. raised its stake in The RMR Group by 327.6% in the second quarter. Meeder Asset Management Inc. now owns 2,677 shares of the financial services provider’s stock valued at $60,000 after buying an additional 2,051 shares during the period. Covestor Ltd lifted its position in shares of The RMR Group by 44.3% in the first quarter. Covestor Ltd now owns 3,940 shares of the financial services provider’s stock valued at $94,000 after buying an additional 1,210 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of The RMR Group by 56.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,595 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 2,378 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of The RMR Group during the 3rd quarter worth approximately $150,000. 42.31% of the stock is owned by institutional investors and hedge funds.

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.