The RMR Group (NASDAQ:RMR) Reaches New 52-Week Low – Here’s Why

The RMR Group Inc. (NASDAQ:RMR) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $21.36 and last traded at $21.37, with a volume of 20521 shares. The stock had previously closed at $21.55.

The RMR Group Stock Down 0.1 %

The company’s 50-day simple moving average is $23.42 and its two-hundred day simple moving average is $23.99. 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 firm has a market capitalization of $685.64 million, a P/E ratio of 15.71 and a beta of 1.23.

The RMR Group (NASDAQ:RMR) last released its 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 firm 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 2.57% and a return on equity of 6.40%. During the same quarter last year, the firm posted $0.48 EPS. As a group, research analysts expect that The RMR Group Inc. will post 1.62 earnings per share for the current year.

The RMR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, October 28th. This represents a $1.80 annualized dividend and a yield of 8.36%. The RMR Group’s payout ratio is 132.35%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its stake in shares of The RMR Group by 42.8% during the second quarter. Nisa Investment Advisors LLC now owns 8,029 shares of the financial services provider’s stock valued at $181,000 after buying an additional 2,405 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of The RMR Group by 7.5% during the second quarter. Bank of New York Mellon Corp now owns 147,913 shares of the financial services provider’s stock valued at $3,343,000 after purchasing an additional 10,303 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of The RMR Group by 9.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 69,321 shares of the financial services provider’s stock worth $1,567,000 after purchasing an additional 6,273 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in The RMR Group by 56.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,595 shares of the financial services provider’s stock worth $149,000 after buying an additional 2,378 shares during the period. Finally, Rhumbline Advisers increased its stake in The RMR Group by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 54,324 shares of the financial services provider’s stock worth $1,228,000 after buying an additional 925 shares during the period. Institutional investors own 42.31% of the company’s stock.

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.