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

The RMR Group (NASDAQ:RMR) released 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 RMR Group had a net margin of 2.80% and a return on equity of 6.95%. The firm had revenue of $212.30 million during the quarter, compared to analysts’ expectations of $220.15 million. During the same quarter in the previous year, the business earned $0.48 EPS.

The RMR Group Stock Performance

Shares of NASDAQ RMR traded down $1.66 during midday trading on Tuesday, hitting $22.77. 201,726 shares of the stock traded hands, compared to its average volume of 84,865. The RMR Group has a one year low of $22.01 and a one year high of $28.82. The firm has a market capitalization of $722.49 million, a P/E ratio of 15.29 and a beta of 1.26. The firm has a 50-day moving average of $24.86 and a two-hundred day moving average of $24.28.

The RMR Group Dividend Announcement

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

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.