RMR Group Inc (NASDAQ:RMR) has been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $69.00.
A number of analysts recently issued reports on RMR shares. BidaskClub cut RMR Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 28th. Zacks Investment Research raised RMR Group from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, April 17th. ValuEngine raised RMR Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, B. Riley set a $88.00 target price on RMR Group and gave the stock a “hold” rating in a research note on Monday, May 14th.
A number of large investors have recently added to or reduced their stakes in RMR. Schwab Charles Investment Management Inc. boosted its position in RMR Group by 4.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 30,494 shares of the financial services provider’s stock worth $1,809,000 after acquiring an additional 1,248 shares during the last quarter. SG Americas Securities LLC acquired a new position in RMR Group during the 4th quarter worth approximately $131,000. Aperio Group LLC boosted its position in RMR Group by 32.3% during the 4th quarter. Aperio Group LLC now owns 6,805 shares of the financial services provider’s stock worth $404,000 after acquiring an additional 1,661 shares during the last quarter. American Century Companies Inc. boosted its position in RMR Group by 76.8% during the 4th quarter. American Century Companies Inc. now owns 11,064 shares of the financial services provider’s stock worth $656,000 after acquiring an additional 4,806 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in RMR Group by 30.0% during the 4th quarter. Bank of New York Mellon Corp now owns 59,695 shares of the financial services provider’s stock worth $3,539,000 after acquiring an additional 13,760 shares during the last quarter. 17.59% of the stock is owned by hedge funds and other institutional investors.
RMR Group opened at $77.35 on Thursday, according to Marketbeat.com. RMR Group has a 52-week low of $42.35 and a 52-week high of $83.20. The company has a market cap of $2.37 billion, a P/E ratio of 20.41 and a beta of -0.24.
RMR Group (NASDAQ:RMR) last posted its earnings results on Thursday, May 10th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). RMR Group had a return on equity of 10.30% and a net margin of 23.43%. The business had revenue of $59.28 million for the quarter, compared to the consensus estimate of $60.58 million. analysts anticipate that RMR Group will post 2.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 17th. Shareholders of record on Monday, April 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, April 27th. RMR Group’s dividend payout ratio (DPR) is currently 26.39%.
About RMR Group
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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