The RMR Group (NASDAQ:RMR) Hits New 12-Month Low - Here's Why

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) shares reached a new 52-week low 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 Stock Up 0.4 %

The stock has a market cap of $594.48 million, a P/E ratio of 13.72 and a beta of 1.24. 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 has a 50 day simple moving average of $20.69 and a two-hundred day simple moving average of $23.30.

The RMR Group (NASDAQ:RMR - Get Free Report) 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 RMR Group had a return on equity of 6.40% and a net margin of 2.57%. The firm had revenue of $212.30 million for the quarter, compared to analyst estimates of $220.15 million. During the same period in the previous year, the firm earned $0.48 earnings per share. Equities research analysts predict that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, January 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.64%. The RMR Group's dividend payout ratio (DPR) is presently 132.35%.

Hedge Funds Weigh In On The RMR Group

A number of hedge funds have recently modified their holdings of RMR. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of The RMR Group by 40.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider's stock valued at $20,946,000 after purchasing an additional 238,360 shares in the last quarter. Garner Asset Management Corp lifted its stake in The RMR Group by 2.0% in the 3rd quarter. Garner Asset Management Corp now owns 288,273 shares of the financial services provider's stock worth $7,316,000 after acquiring an additional 5,745 shares in the last quarter. JPMorgan Chase & Co. boosted its position in The RMR Group by 36.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider's stock worth $2,867,000 after acquiring an additional 30,258 shares during the period. Martingale Asset Management L P grew its stake in The RMR Group by 4.3% during the 3rd quarter. Martingale Asset Management L P now owns 68,249 shares of the financial services provider's stock valued at $1,732,000 after acquiring an additional 2,842 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of The RMR Group by 55.6% in the 3rd quarter. Barclays PLC now owns 50,674 shares of the financial services provider's stock valued at $1,286,000 after purchasing an additional 18,100 shares during the period. 42.31% of the stock is currently owned by institutional investors and hedge funds.

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.