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

The RMR Group (NASDAQ:RMR) issued its earnings results on Monday. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04), Zacks reports. The firm had revenue of $212.30 million during the quarter, compared to the consensus estimate of $220.15 million. The RMR Group had a net margin of 2.57% and a return on equity of 6.38%. During the same period in the previous year, the firm earned $0.48 earnings per share.

The RMR Group Trading Up 0.1 %

Shares of RMR stock traded up $0.02 during trading on Wednesday, hitting $22.79. The company’s stock had a trading volume of 102,694 shares, compared to its average volume of 84,946. The company has a market cap of $723.13 million, a PE ratio of 16.76 and a beta of 1.26. The business has a fifty day moving average of $24.77 and a 200-day moving average of $24.26. The RMR Group has a 52 week low of $22.01 and a 52 week high of $28.82.

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.90%. The ex-dividend date is Monday, October 28th. The RMR Group’s dividend payout ratio is presently 132.35%.

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.