The RMR Group (NASDAQ:RMR) Hits New 1-Year Low – Here’s What Happened

Shares of The RMR Group Inc. (NASDAQ:RMR) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $20.11 and last traded at $20.14, with a volume of 46716 shares changing hands. The stock had previously closed at $20.37.

The RMR Group Trading Down 2.3 %

The firm has a 50-day simple moving average of $22.15 and a 200-day simple moving average of $23.75. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10. The stock has a market cap of $634.05 million, a PE ratio of 14.64 and a beta of 1.24.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Monday, November 11th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The company had revenue of $212.30 million for 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 6.40%. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Equities analysts forecast that The RMR Group Inc. will post 1.62 earnings per share for the current year.

The RMR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a $0.45 dividend. The ex-dividend date was Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.04%. The RMR Group’s dividend payout ratio (DPR) is presently 132.35%.

Hedge Funds Weigh In On The RMR Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Garner Asset Management Corp lifted its stake in The RMR Group by 14.8% during the second quarter. Garner Asset Management Corp now owns 282,528 shares of the financial services provider’s stock worth $6,385,000 after purchasing an additional 36,369 shares during the last quarter. Federated Hermes Inc. lifted its stake in The RMR Group by 4.7% in the second quarter. Federated Hermes Inc. now owns 527,826 shares of the financial services provider’s stock worth $11,929,000 after purchasing an additional 23,654 shares during the last quarter. Franklin Resources Inc. boosted its position in The RMR Group by 12.9% during the third quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider’s stock valued at $625,000 after buying an additional 2,831 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of The RMR Group by 13.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,496 shares of the financial services provider’s stock valued at $926,000 after buying an additional 4,390 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of The RMR Group by 55.6% during the third quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock valued at $1,286,000 after buying an additional 18,100 shares during the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

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.