The RMR Group (NASDAQ:RMR) Posts Earnings Results, Misses Estimates By $0.01 EPS

The RMR Group (NASDAQ:RMR) issued its earnings results on Wednesday. The financial services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01), Zacks reports. The RMR Group had a net margin of 2.57% and a return on equity of 6.40%.

The RMR Group Price Performance

Shares of RMR stock traded up $0.07 during trading hours on Wednesday, hitting $19.06. The company had a trading volume of 119,881 shares, compared to its average volume of 138,212. The RMR Group has a 12 month low of $18.21 and a 12 month high of $26.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s fifty day moving average is $20.42 and its 200 day moving average is $23.09. The firm has a market capitalization of $607.06 million, a price-to-earnings ratio of 14.01 and a beta of 1.24.

The RMR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date of this dividend is Monday, January 27th. The RMR Group’s payout ratio is 132.35%.

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.