The RMR Group (NASDAQ:RMR) Reaches New 12-Month Low – Time to Sell?

The RMR Group Inc. (NASDAQ:RMR)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $18.21 and last traded at $18.19, with a volume of 39724 shares. The stock had previously closed at $18.39.

The RMR Group Stock Down 0.4 %

The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $20.01 and a 200 day simple moving average of $22.83. The firm has a market capitalization of $583.17 million, a P/E ratio of 13.75 and a beta of 1.24.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). The RMR Group had a return on equity of 5.83% and a net margin of 2.62%. The business had revenue of $212.30 million during the quarter, compared to analysts’ expectations of $220.15 million. During the same quarter in the prior year, the firm earned $0.48 EPS. On average, equities analysts expect that The RMR Group Inc. will post 1.51 EPS for the current fiscal year.

The RMR Group Announces Dividend

The firm 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 $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 9.83%. The ex-dividend date of this dividend is Monday, January 27th. The RMR Group’s dividend payout ratio is currently 135.34%.

Institutional Trading of The RMR Group

Hedge funds have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC increased its position in The RMR Group by 40.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock worth $20,946,000 after buying an additional 238,360 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in The RMR Group by 36.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider’s stock worth $2,867,000 after purchasing an additional 30,258 shares during the period. CWA Asset Management Group LLC increased its holdings in The RMR Group by 160.2% during the 4th quarter. CWA Asset Management Group LLC now owns 48,029 shares of the financial services provider’s stock worth $991,000 after purchasing an additional 29,568 shares during the period. Segall Bryant & Hamill LLC bought a new stake in The RMR Group during the 4th quarter valued at $603,000. Finally, Renaissance Technologies LLC boosted its position in shares of The RMR Group by 4.8% in the 4th quarter. Renaissance Technologies LLC now owns 487,214 shares of the financial services provider’s stock worth $10,056,000 after purchasing an additional 22,300 shares in the last quarter. Hedge funds and other institutional investors own 42.31% of the company’s stock.

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.