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

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

The RMR Group Trading Down 0.0 %

Shares of The RMR Group stock traded down $0.01 during trading on Wednesday, hitting $22.76. 17,196 shares of the stock were exchanged, compared to its average volume of 84,546. The RMR Group has a 1-year low of $22.01 and a 1-year high of $28.82. The stock has a market capitalization of $722.06 million, a price-to-earnings ratio of 16.74 and a beta of 1.26. The company has a fifty day moving average price of $24.86 and a 200-day moving average price of $24.28.

The RMR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date of this dividend is Monday, October 28th. The RMR Group’s dividend payout ratio (DPR) is presently 132.35%.

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.