Shares of The RMR Group Inc. (NASDAQ:RMR – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $21.33.
A number of equities analysts recently commented on the stock. Weiss Ratings downgraded shares of The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Maxim Group assumed coverage on The RMR Group in a research report on Friday, October 9th. They set a “buy” rating and a $26.00 target price on the stock.
The RMR Group Price Performance
Shares of RMR opened at $17.00 on Tuesday. The company has a 50 day moving average price of $18.43 and a 200-day moving average price of $18.29. The RMR Group has a fifty-two week low of $14.73 and a fifty-two week high of $21.45. The stock has a market capitalization of $545.36 million, a PE ratio of 14.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.24 and a current ratio of 0.24.
The RMR Group (NASDAQ:RMR – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The business had revenue of $153.51 million for the quarter, compared to the consensus estimate of $147.60 million. The RMR Group had a net margin of 3.10% and a return on equity of 2.96%. Equities analysts predict that The RMR Group will post 0.63 earnings per share for the current fiscal year.
The RMR Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Monday, October 19th. The RMR Group’s payout ratio is presently 157.89%.
Institutional Investors Weigh In On The RMR Group
A number of hedge funds have recently made changes to their positions in RMR. Triumph Capital Management boosted its position in The RMR Group by 117.7% during the second quarter. Triumph Capital Management now owns 3,052 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 1,650 shares in the last quarter. Signaturefd LLC grew its stake in The RMR Group by 189.4% in the third quarter. Signaturefd LLC now owns 3,180 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 2,081 shares during the last quarter. State of Wyoming bought a new position in The RMR Group in the first quarter worth about $137,000. DGS Capital Management LLC bought a new position in The RMR Group in the first quarter worth about $184,000. Finally, First Trust Advisors LP raised its holdings in The RMR Group by 19.1% in the first quarter. First Trust Advisors LP now owns 13,411 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 2,147 shares in the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.
The RMR Group Company Profile
The RMR Group Inc (NASDAQ:RMR) is an alternative asset management and real estate services company based in Newton, Massachusetts. The company provides management services to public and private real estate companies, including real estate investment trusts (REITs), and focuses on managing properties, portfolios and related investments.
RMR’s services include property management, asset management, advisory services, real estate development and other operational support. Its platform covers a range of real estate sectors, including office, healthcare, hospitality, industrial and multifamily properties.
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