The RMR Group Inc. (RMR) To Go Ex-Dividend on January 27th

The RMR Group Inc. (NASDAQ:RMR) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Shareholders 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 annualized dividend and a yield of 9.25%. The ex-dividend date of this dividend is Monday, January 27th.

The RMR Group has raised its dividend payment by an average of 4.8% per year over the last three years. The RMR Group has a dividend payout ratio of 114.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect The RMR Group to earn $1.32 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 136.4%.

The RMR Group Stock Performance

Shares of The RMR Group stock opened at $19.45 on Friday. The stock has a market cap of $619.48 million, a price-to-earnings ratio of 14.30 and a beta of 1.24. The RMR Group has a twelve month low of $19.08 and a twelve month high of $26.82. The company’s fifty day moving average is $20.89 and its 200 day moving average is $23.41. 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 RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). The company had revenue of $212.30 million during the quarter, compared to analyst estimates of $220.15 million. The RMR Group had a net margin of 2.57% and a return on equity of 6.40%. During the same period in the previous year, the company posted $0.48 EPS. Sell-side analysts forecast that The RMR Group will post 1.51 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.