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

The RMR Group (NASDAQ:RMR) posted its quarterly 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 company had revenue of $212.30 million during the quarter, compared to analyst estimates of $220.15 million. The RMR Group had a net margin of 2.80% and a return on equity of 6.95%. During the same period in the prior year, the business posted $0.48 EPS.

The RMR Group Price Performance

Shares of RMR stock traded down $1.66 during trading hours on Tuesday, hitting $22.77. The company had a trading volume of 201,726 shares, compared to its average volume of 84,865. The RMR Group has a fifty-two week low of $22.01 and a fifty-two week high of $28.82. The company’s fifty day moving average is $24.86 and its 200 day moving average is $24.28. The stock has a market capitalization of $722.49 million, a PE ratio of 15.29 and a beta of 1.26.

The RMR Group Dividend Announcement

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 $0.45 dividend. The ex-dividend date is Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a yield of 7.91%. The RMR Group’s payout ratio is currently 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.