The RMR Group (NASDAQ:RMR) released its quarterly earnings results on Tuesday. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.25, Bloomberg Earnings reports. The RMR Group had a net margin of 16.44% and a return on equity of 10.14%.
The RMR Group (RMR) traded down $2.55 during trading on Tuesday, hitting $58.05. 74,931 shares of the stock were exchanged, compared to its average volume of 39,778. The company has a market cap of $1,880.00 and a P/E ratio of 33.48. The RMR Group has a fifty-two week low of $38.55 and a fifty-two week high of $61.25.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, October 23rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.72%. The RMR Group’s dividend payout ratio is currently 36.10%.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of The RMR Group from a “hold” rating to a “strong-buy” rating and set a $61.00 price target on the stock in a report on Wednesday, October 4th. Canaccord Genuity set a $68.00 price target on shares of The RMR Group and gave the company a “buy” rating in a report on Tuesday, August 15th. BidaskClub upgraded shares of The RMR Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. B. Riley restated a “neutral” rating on shares of The RMR Group in a report on Wednesday, November 1st. Finally, FBR & Co restated a “neutral” rating and set a $51.00 price target (up previously from $50.00) on shares of The RMR Group in a report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $62.00.
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The RMR Group Company Profile
The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.
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