The RMR Group (NASDAQ:RMR) Shares Gap Down – What’s Next?

The RMR Group Inc. (NASDAQ:RMR) shares gapped down prior to trading on Tuesday . The stock had previously closed at $21.37, but opened at $20.54. The RMR Group shares last traded at $20.6730, with a volume of 5,090 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RMR. B. Riley Financial dropped their target price on The RMR Group from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Weiss Ratings upgraded The RMR Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Zacks Research upgraded The RMR Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, The RMR Group presently has an average rating of “Moderate Buy” and an average price target of $19.00.

The RMR Group Trading Up 0.4%

The company has a market cap of $659.87 million, a price-to-earnings ratio of 16.99 and a beta of 1.05. The business has a fifty day moving average price of $18.69 and a two-hundred day moving average price of $16.91.

The RMR Group (NASDAQ:RMR) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The business had revenue of $145.63 million during the quarter, compared to analyst estimates of $171.44 million. The RMR Group had a net margin of 3.23% and a return on equity of 3.44%. On average, analysts anticipate that The RMR Group Inc. will post 0.69 EPS for the current year.

The RMR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Tuesday, April 21st were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a $1.80 annualized dividend and a dividend yield of 8.8%. The RMR Group’s payout ratio is presently 148.76%.

Institutional Investors Weigh In On The RMR Group

Several large investors have recently made changes to their positions in RMR. AQR Capital Management LLC grew its stake in shares of The RMR Group by 16.7% in the 1st quarter. AQR Capital Management LLC now owns 24,962 shares of the financial services provider’s stock valued at $416,000 after buying an additional 3,580 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of The RMR Group by 313.1% in the 1st quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock valued at $25,000 after buying an additional 1,124 shares in the last quarter. Goldman Sachs Group Inc. increased its position in The RMR Group by 17.1% during the first quarter. Goldman Sachs Group Inc. now owns 157,921 shares of the financial services provider’s stock worth $2,629,000 after buying an additional 23,073 shares during the last quarter. Jane Street Group LLC acquired a new position in The RMR Group during the first quarter worth $988,000. Finally, Strs Ohio acquired a new position in The RMR Group during the first quarter worth $50,000. Institutional investors own 42.31% of the company’s stock.

About The RMR Group

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.