The RMR Group (NASDAQ:RMR) Releases Q3 2024 Earnings Guidance

The RMR Group (NASDAQ:RMR) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.370-0.390 for the period. The company issued revenue guidance of -.

Analyst Ratings Changes

Several analysts have commented 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. JMP Securities assumed coverage on The RMR Group in a research report on Friday, April 19th. They set a market perform rating for the company.

The RMR Group Stock Performance

Shares of NASDAQ:RMR opened at $23.08 on Thursday. The RMR Group has a 1-year low of $20.79 and a 1-year high of $28.82. The company’s fifty day moving average is $23.54 and its two-hundred day moving average is $24.64. The stock has a market capitalization of $731.84 million, a price-to-earnings ratio of 6.67 and a beta of 1.29.

The RMR Group (NASDAQ:RMR) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $261.67 million during the quarter, compared to the consensus estimate of $223.18 million. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. Sell-side analysts expect that The RMR Group will post 1.92 EPS for the current fiscal year.

The RMR Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be issued a dividend of $0.45 per share. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, April 19th. This represents a $1.80 annualized dividend and a dividend yield of 7.80%. The RMR Group’s payout ratio is 52.02%.

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.