RMR Group Inc (NASDAQ:RMR) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 218,400 shares, a decrease of 18.3% from the January 15th total of 267,300 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average trading volume of 93,500 shares, the short-interest ratio is currently 2.3 days.
A number of research firms have issued reports on RMR. Morgan Stanley began coverage on shares of RMR Group in a report on Monday, October 21st. They issued an “equal weight” rating and a $46.00 target price on the stock. B. Riley reduced their target price on shares of RMR Group from $66.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, February 7th. TheStreet lowered shares of RMR Group from a “b-” rating to a “c+” rating in a report on Monday. BidaskClub upgraded shares of RMR Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Royal Bank of Canada began coverage on shares of RMR Group in a report on Thursday, December 12th. They issued a “sector perform” rating and a $49.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. RMR Group presently has an average rating of “Hold” and a consensus price target of $51.33.
Shares of RMR stock traded down $0.11 during trading hours on Friday, hitting $43.54. 2,428 shares of the company were exchanged, compared to its average volume of 87,827. The firm has a market cap of $1.37 billion, a PE ratio of 22.33 and a beta of 1.14. RMR Group has a 1 year low of $41.69 and a 1 year high of $77.83. The firm has a fifty day moving average of $44.78 and a 200 day moving average of $45.99.
RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01). The company had revenue of $159.89 million for the quarter, compared to analysts’ expectations of $160.57 million. RMR Group had a return on equity of 6.68% and a net margin of 5.37%. As a group, equities research analysts predict that RMR Group will post 2.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.52 annualized dividend and a dividend yield of 3.49%. RMR Group’s payout ratio is currently 31.47%.
A number of hedge funds and other institutional investors have recently bought and sold shares of RMR. FMR LLC raised its holdings in RMR Group by 78.5% in the fourth quarter. FMR LLC now owns 538,984 shares of the financial services provider’s stock valued at $24,599,000 after buying an additional 237,025 shares during the period. State Street Corp raised its holdings in RMR Group by 99.8% in the third quarter. State Street Corp now owns 291,293 shares of the financial services provider’s stock valued at $13,248,000 after buying an additional 145,476 shares during the period. Millennium Management LLC raised its holdings in RMR Group by 1,085.9% in the third quarter. Millennium Management LLC now owns 150,494 shares of the financial services provider’s stock valued at $6,844,000 after buying an additional 137,804 shares during the period. Zimmer Partners LP raised its holdings in RMR Group by 18.9% in the third quarter. Zimmer Partners LP now owns 742,880 shares of the financial services provider’s stock valued at $33,786,000 after buying an additional 117,880 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new position in RMR Group in the third quarter valued at approximately $3,692,000. Hedge funds and other institutional investors own 41.27% of the company’s stock.
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 five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.
See Also: Balance Sheet
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