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

The RMR Group Inc. (NASDAQ:RMR) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.45 per share by the financial services provider on Thursday, February 20th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.28%.

The RMR Group has increased its dividend by an average of 4.8% per year over the last three years. The RMR Group has a payout ratio of 101.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect The RMR Group to earn $1.64 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 109.8%.

The RMR Group Stock Performance

NASDAQ RMR traded down $0.06 on Thursday, reaching $19.39. The stock had a trading volume of 4,368 shares, compared to its average volume of 120,936. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $617.49 million, a P/E ratio of 14.26 and a beta of 1.24. The firm has a fifty day moving average of $21.43 and a two-hundred day moving average of $23.57. The RMR Group has a 1-year low of $19.08 and a 1-year high of $26.82.

The RMR Group (NASDAQ:RMR) last issued its quarterly 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 RMR Group had a return on equity of 6.40% and a net margin of 2.57%. The company had revenue of $212.30 million during the quarter, compared to the consensus estimate of $220.15 million. During the same quarter in the previous year, the business posted $0.48 EPS. On average, equities research analysts anticipate that The RMR Group will post 1.62 EPS for the current year.

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.