The RMR Group (NASDAQ:RMR) Sets New 52-Week Low – Should You Sell?

Shares of The RMR Group Inc. (NASDAQ:RMR) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.01 and last traded at $19.09, with a volume of 155878 shares trading hands. The stock had previously closed at $19.45.

The RMR Group Trading Down 1.9 %

The company’s 50-day moving average is $20.89 and its 200 day moving average is $23.41. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The firm has a market cap of $608.02 million, a PE ratio of 14.04 and a beta of 1.24.

The RMR Group (NASDAQ:RMR) last released its earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The business had revenue of $212.30 million during the quarter, compared to analysts’ expectations of $220.15 million. The RMR Group had a net margin of 2.57% and a return on equity of 6.40%. During the same quarter in the previous year, the company earned $0.48 EPS. As a group, sell-side analysts predict that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, January 27th. This represents a $1.80 annualized dividend and a yield of 9.43%. The RMR Group’s dividend payout ratio (DPR) is presently 132.35%.

Institutional Trading of The RMR Group

A number of hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC increased its stake in The RMR Group by 2,439.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,000 shares during the period. Meeder Asset Management Inc. increased its stake in shares of The RMR Group by 18.7% in the third quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 500 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of The RMR Group by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 908 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of The RMR Group by 7.7% during the second quarter. Cubist Systematic Strategies LLC now owns 8,954 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 639 shares in the last quarter. Finally, Fiduciary Financial Group LLC acquired a new stake in The RMR Group during the third quarter valued at $218,000. 42.31% of the stock is owned by hedge funds and other institutional investors.

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.