RMR Group Inc (Le) – declared on July 13, 2023 that its board of directors declared a regular quarterly dividend of $0.40 per share ($1.60 annualized). Previously, the company paid $0.40 per share.
Shareholders of record as of July 24, 2023 will receive payment on August 17, 2023.
At the current share price of $24.68/share, the dividend yield of the stock is 6.48%.
Looking back five years and taking a sample each week, the average dividend yield was 4.23%, the lowest 1.03% and the highest 7.46%. The standard deviation of returns is 1.51 (n=236).
The current dividend yield is 1.49 standard deviations above the historical average.
Additionally, the company’s dividend payout ratio is 0.60. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is 0.05%, demonstrating that it has increased its dividend over time.
What is fund sentiment?
There are 401 funds or institutions reporting positions in RMR Group Inc (The) -. This is an increase of 5 owner(s) or 1.26% over the last quarter. Average portfolio weight of all funds dedicated to RMR is 0.06%, a decrease of 16.40%. The total number of shares held by institutions has decreased over the past three months by 0.81% to 14,857,000 shares. 
The RMR’s put/call ratio is 1.46, indicating a bearish outlook.
Analyst price predictions suggest a 25.02% rise
As of July 6, 2023, the one-year average price target for RMR Group Inc (Le) – is 30.86. The forecast ranges from a low of 23.74 to a high of $38.85. The average price target represents a 25.02% increase from its last published closing price of 24.68.
Check out our ranking of companies with the biggest upward price target.
The expected annual revenue for RMR Group Inc (Le) is 902MM, an increase of 345.16%. Projected annual non-GAAP EPS is 2.18.
What are the other shareholders doing?
Hotchkis & Wiley Capital Management owns 972,000 shares representing 5.85% ownership of the company. In its previous filing, the company said it held 959,000 shares, representing a raise 1.36%. The company decreases its RMR portfolio allocation of 5.40% over the last quarter.
Nantahala Capital Management holds 822,000 shares representing 4.95% ownership of the company. In its previous filing, the company said it held 846,000 shares, representing a decrease 2.95%. The company increase its portfolio allocation in RMR of 6.67% over the last quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares owns 687,000 shares representing 4.13% ownership of the company. In its previous filing, the company said it held 690,000 shares, representing a decrease by 0.55%. The company decreases its portfolio allocation in RMR of 15.62% over the last quarter.
Federated Hermes owns 529,000 shares representing 3.18% ownership of the company. In its previous filing, the company said it held 525,000 shares, representing a raise by 0.82%. The company decreases its RMR portfolio allocation of 53.20% over the last quarter.
AVFIX – American Beacon Small Cap Value Fund Institutional Class holds 467,000 shares representing 2.81% ownership of the company. No change in the last quarter.
RMR Group Inc General Information
(This description is provided by the company.)
The RMR Group Inc. is a holding company and substantially all of its business is conducted through its majority-owned subsidiary, The RMR Group LLC, or RMR. RMR is a leading alternative asset management firm in the United States, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is underpinned by its more than 600 real estate professionals in more than 30 offices nationwide who manage $32 billion in assets under management and leverage 35 years of institutional experience in buying, selling, financing and operating CRE. RMR is headquartered in Newton, MA and was founded in 1986.
Further reading:
- RMR Group Inc. announces its results for the second quarter of fiscal 2023
- RMR Group Inc. Reports Second Quarter Fiscal 2023 Financial Results May 3, 2023 Exhibit 99.2 2 Dividend RMR Declared Quarterly Dividend on its Class A Common Shares and Class B-1 Common Shares of 0.40 $ per share to shareholders of record as
- Letter of Agreement, dated March 27, 2023, by and between The RMR Group LLC and Jonathan Pertchik (+) (Filed herewith.)
- Second Amended and Restated Business Management Agreement dated March 20, 2023 by and between The RMR Group LLC and ABP Trust. (Deposited attached.)
- Letter of Understanding, dated April 11, 2023, by and between The RMR Group LLC, Diversified Healthcare Trust and Office Properties Income Trust, regarding the Second Amended and Restated Business Management Agreement and Third Amended and Restated Property Management Agreement between The RMR Group LLC and Diversified Healthcare Trust. (Deposited attached.)
This story originally appeared on Fintel.
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