Zacks Investment Research cut shares of RMR Group (NASDAQ:RMR) from a buy rating to a hold rating in a research report released on Friday morning.

According to Zacks, “The RMR Group Inc. primarily provides management services to publicly owned real estate investment trusts and real estate operating companies. The RMR Group Inc. is headquartered in Newton, MA. “

Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of RMR Group from a strong-buy rating to a buy rating in a research report on Friday, October 5th. ValuEngine raised shares of RMR Group from a hold rating to a buy rating in a research report on Thursday. B. Riley raised shares of RMR Group from a neutral rating to a buy rating and dropped their target price for the company from $89.00 to $82.00 in a research report on Tuesday. Finally, TheStreet downgraded shares of RMR Group from a b- rating to a c+ rating in a research report on Friday, November 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. RMR Group presently has a consensus rating of Hold and an average price target of $79.50.

Shares of NASDAQ:RMR traded down $2.58 during trading hours on Friday, reaching $62.15. The stock had a trading volume of 71,228 shares, compared to its average volume of 44,103. RMR Group has a 1 year low of $52.81 and a 1 year high of $98.00. The company has a market cap of $2.02 billion, a PE ratio of 26.67 and a beta of 0.61.

RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Monday, December 3rd. The financial services provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. RMR Group had a net margin of 23.72% and a return on equity of 8.70%. The company had revenue of $65.07 million for the quarter, compared to the consensus estimate of $62.32 million. As a group, research analysts expect that RMR Group will post 2.65 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, October 29th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.25%. This is an increase from RMR Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, October 26th. RMR Group’s dividend payout ratio (DPR) is 60.09%.

Several hedge funds and other institutional investors have recently bought and sold shares of RMR. Reilly Financial Advisors LLC acquired a new stake in RMR Group during the 3rd quarter worth $113,000. Principal Financial Group Inc. acquired a new stake in RMR Group during the 1st quarter worth $219,000. Welch & Forbes LLC acquired a new stake in RMR Group during the 3rd quarter worth $220,000. Eqis Capital Management Inc. acquired a new stake in RMR Group during the 2nd quarter worth $225,000. Finally, Raymond James & Associates acquired a new stake in RMR Group during the 2nd quarter worth $238,000. 18.85% of the stock is currently owned by hedge funds and other institutional investors.

RMR Group Company Profile

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2017, the company had approximately 1,400 properties under management, which are primarily owned by its Managed Equity REITs.

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