RMR Group Inc (RMR) to Issue Dividend of $0.25 on February 21st
RMR Group Inc (NYSE:RMR) declared a dividend on Friday, January 13th. Investors of record on Monday, January 23rd will be paid a dividend of 0.25 per share on Tuesday, February 21st. The ex-dividend date of this dividend is Thursday, January 19th.
RMR Group (NYSE:RMR) opened at 39.45 on Friday. RMR Group has a 12 month low of $17.14 and a 12 month high of $44.85. The stock has a market cap of $634.43 million and a PE ratio of 16.95. The company’s 50 day moving average price is $41.01 and its 200 day moving average price is $37.25.
RMR Group (NYSE:RMR) last issued its earnings results on Thursday, December 15th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. Equities analysts forecast that RMR Group will post $1.81 EPS for the current fiscal year.
RMR has been the subject of several research analyst reports. FBR & Co reiterated a “market perform” rating and issued a $43.00 price objective (up previously from $39.00) on shares of RMR Group in a report on Wednesday, December 21st. Zacks Investment Research upgraded RMR Group from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Tuesday, December 20th. Finally, JMP Securities initiated coverage on RMR Group in a report on Wednesday, October 19th. They issued a “market perform” rating for the company.
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A number of large investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its stake in RMR Group by 8.0% in the third quarter. BlackRock Fund Advisors now owns 177,144 shares of the company’s stock valued at $6,721,000 after buying an additional 13,181 shares during the period. Northern Trust Corp raised its position in shares of RMR Group by 0.8% in the third quarter. Northern Trust Corp now owns 93,728 shares of the company’s stock valued at $3,555,000 after buying an additional 713 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of RMR Group by 12.4% in the third quarter. Panagora Asset Management Inc. now owns 58,369 shares of the company’s stock valued at $2,215,000 after buying an additional 6,417 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of RMR Group by 17.6% in the third quarter. TIAA CREF Investment Management LLC now owns 55,054 shares of the company’s stock valued at $2,089,000 after buying an additional 8,234 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of RMR Group by 1,690,000.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 33,802 shares of the company’s stock valued at $1,282,000 after buying an additional 33,800 shares in the last quarter.
RMR Group Company Profile
The RMR Group Inc, formerly Reit Management & Research Inc, is a holding company. The Company holds interests in and is the managing member of The RMR Group LLC (RMR LLC). The Company’s business primarily consists of providing management services to four real estate investment trusts (REITs), namely, Government Properties Income Trust (GOV), Hospitality Properties Trust (HPT), Select Income REIT (SIR) and Senior Housing Properties Trust, and three real estate operating companies, namely, Five Star Quality Care, Inc (Five Star), Sonesta International Hotels Corporation and TravelCenters of America LLC.
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