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

The RMR Group Inc. (NASDAQ:RMR) announced a quarterly dividend on Thursday, April 11th, Zacks reports. Stockholders of record on Monday, April 22nd will be given a dividend of 0.45 per share by the financial services provider on Thursday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date of this dividend is Friday, April 19th. This is a boost from The RMR Group’s previous quarterly dividend of $0.40.

The RMR Group has increased its dividend payment by an average of 1.7% annually over the last three years. The RMR Group has a payout ratio of 85.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect The RMR Group to earn $2.22 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 72.1%.

The RMR Group Stock Performance

The RMR Group stock opened at $23.25 on Thursday. The RMR Group has a twelve month low of $20.79 and a twelve month high of $28.82. The firm has a market cap of $737.26 million, a PE ratio of 6.72 and a beta of 1.30. The firm’s 50 day moving average price is $23.93 and its two-hundred day moving average price is $24.68.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $261.67 million for the quarter, compared to the consensus estimate of $223.18 million. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. Equities analysts anticipate that The RMR Group will post 1.92 EPS for the current fiscal year.

Institutional Investors Weigh In On The RMR Group

A number of large investors have recently bought and sold shares of the business. International Assets Investment Management LLC raised its holdings in The RMR Group by 2,724.2% during the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock valued at $26,000 after buying an additional 899 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of The RMR Group during the 3rd quarter valued at about $30,000. Tower Research Capital LLC TRC raised its stake in shares of The RMR Group by 930.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,226 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,107 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in The RMR Group in the 2nd quarter worth approximately $34,000. Finally, Envestnet Asset Management Inc. boosted its position in The RMR Group by 2,538.4% during the first quarter. Envestnet Asset Management Inc. now owns 293,339 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 282,221 shares during the period. 42.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RMR shares. StockNews.com downgraded The RMR Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. TheStreet upgraded The RMR Group from a “c+” rating to a “b-” rating in a report on Tuesday, January 2nd.

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.