The RMR Group Inc. (NASDAQ:RMR) Declares Quarterly Dividend of $0.45

The RMR Group Inc. (NASDAQ:RMR) declared a quarterly dividend on Thursday, January 15th. Investors of record on Monday, January 26th will be paid a dividend of 0.45 per share by the financial services provider on Thursday, February 19th. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date is Monday, January 26th.

The RMR Group has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. The RMR Group has a dividend payout ratio of 123.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect The RMR Group to earn $1.32 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 136.4%.

The RMR Group Stock Up 1.6%

RMR stock traded up $0.26 during mid-day trading on Thursday, reaching $16.46. The company had a trading volume of 212,128 shares, compared to its average volume of 151,708. The RMR Group has a fifty-two week low of $13.48 and a fifty-two week high of $20.03. The firm has a fifty day simple moving average of $15.44 and a 200 day simple moving average of $15.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market capitalization of $527.72 million, a price-to-earnings ratio of 15.68 and a beta of 0.96.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Wednesday, November 12th. The financial services provider reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The RMR Group had a net margin of 2.48% and a return on equity of 4.60%. The firm had revenue of $152.23 million during the quarter, compared to analysts’ expectations of $210.10 million. Analysts forecast that The RMR Group will post 1.51 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was bought at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the completion of the purchase, the insider directly owned 4,577,835 shares in the company, valued at approximately $39,598,272.75. The trade was a 78.68% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 54.85% of the company’s stock.

Institutional Investors Weigh In On The RMR Group

A number of hedge funds have recently made changes to their positions in the business. Unison Advisors LLC grew its holdings in The RMR Group by 2.9% in the 2nd quarter. Unison Advisors LLC now owns 23,017 shares of the financial services provider’s stock worth $376,000 after buying an additional 649 shares in the last quarter. NewEdge Advisors LLC boosted its position in The RMR Group by 313.1% during the 1st quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 1,124 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of The RMR Group by 12.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,252 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 1,212 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of The RMR Group by 538.5% during the third quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,400 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of The RMR Group by 7.1% during the third quarter. Alliancebernstein L.P. now owns 21,097 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 42.31% of the company’s stock.

About The RMR Group

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.