The RMR Group (NASDAQ:RMR) Stock Crosses Above Fifty Day Moving Average Following Weak Earnings

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) shares passed above its 50-day moving average during trading on Wednesday following a better than expected earnings announcement. The stock has a 50-day moving average of $15.69 and traded as high as $15.71. The RMR Group shares last traded at $15.60, with a volume of 166,978 shares trading hands.

The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.06). The business had revenue of $152.23 million for the quarter, compared to analyst estimates of $210.10 million. The RMR Group had a return on equity of 5.01% and a net margin of 2.56%.

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Monday, October 27th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend is Monday, October 27th. The RMR Group's payout ratio is 153.85%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of The RMR Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, The RMR Group has an average rating of "Buy" and a consensus price target of $24.00.

View Our Latest Stock Analysis on RMR

Hedge Funds Weigh In On The RMR Group

A number of large investors have recently modified their holdings of RMR. Unison Advisors LLC increased its position in shares of The RMR Group by 2.9% in the second quarter. Unison Advisors LLC now owns 23,017 shares of the financial services provider's stock valued at $376,000 after acquiring an additional 649 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of The RMR Group by 313.1% in the 1st quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider's stock valued at $25,000 after buying an additional 1,124 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of The RMR Group by 12.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,252 shares of the financial services provider's stock valued at $177,000 after buying an additional 1,212 shares in the last quarter. AlphaQuest LLC increased its holdings in The RMR Group by 131.3% during the first quarter. AlphaQuest LLC now owns 2,406 shares of the financial services provider's stock worth $40,000 after buying an additional 1,366 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in The RMR Group by 538.5% in the 3rd quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 1,400 shares during the period. 42.31% of the stock is currently owned by institutional investors and hedge funds.

The RMR Group Stock Up 0.3%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a fifty day simple moving average of $15.69 and a 200-day simple moving average of $15.94. The firm has a market cap of $497.17 million, a price-to-earnings ratio of 13.33 and a beta of 1.20.

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.

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