The RMR Group (NASDAQ:RMR) Reaches New 52-Week Low - Here's Why

The RMR Group Inc. (NASDAQ:RMR - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $21.36 and last traded at $21.37, with a volume of 20521 shares. The stock had previously closed at $21.55.

The RMR Group Price Performance

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10. The firm has a market cap of $687.24 million, a PE ratio of 15.71 and a beta of 1.23. The stock has a 50 day moving average price of $23.42 and a two-hundred day moving average price of $23.99.

The RMR Group (NASDAQ:RMR - Get Free Report) last released its earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.04). The firm had revenue of $212.30 million for the quarter, compared to analyst estimates of $220.15 million. The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. During the same period last year, the firm earned $0.48 EPS. As a group, equities analysts expect that The RMR Group Inc. will post 1.62 earnings per share for the current year.

The RMR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a $0.45 dividend. The ex-dividend date was Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.34%. The RMR Group's dividend payout ratio (DPR) is currently 132.35%.

Hedge Funds Weigh In On The RMR Group

A number of large investors have recently added to or reduced their stakes in the stock. Unison Advisors LLC raised its holdings in The RMR Group by 2.0% in the 3rd quarter. Unison Advisors LLC now owns 21,492 shares of the financial services provider's stock valued at $545,000 after acquiring an additional 412 shares during the last quarter. Meeder Asset Management Inc. grew its position 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 valued at $81,000 after purchasing an additional 500 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of The RMR Group by 7.7% in the second quarter. Cubist Systematic Strategies LLC now owns 8,954 shares of the financial services provider's stock valued at $202,000 after purchasing an additional 639 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in The RMR Group by 2.8% during the third quarter. Janney Montgomery Scott LLC now owns 30,102 shares of the financial services provider's stock worth $764,000 after buying an additional 817 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in The RMR Group by 1.7% during the second quarter. Rhumbline Advisers now owns 54,324 shares of the financial services provider's stock worth $1,228,000 after buying an additional 925 shares in the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

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.