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

The RMR Group (NASDAQ:RMR) posted its earnings results on Monday. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04), Zacks reports. The RMR Group had a return on equity of 6.95% and a net margin of 2.80%. The business had revenue of $212.30 million for the quarter, compared to analysts’ expectations of $220.15 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share.

The RMR Group Trading Down 6.8 %

Shares of NASDAQ:RMR traded down $1.66 during trading on Tuesday, reaching $22.77. The company had a trading volume of 201,726 shares, compared to its average volume of 84,865. The company has a fifty day moving average of $24.86 and a two-hundred day moving average of $24.28. The stock has a market capitalization of $722.49 million, a P/E ratio of 15.29 and a beta of 1.26. The RMR Group has a 12 month low of $22.01 and a 12 month high of $28.82.

The RMR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, October 28th. This represents a $1.80 annualized dividend and a yield of 7.91%. The RMR Group’s payout ratio is presently 120.00%.

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.