The RMR Group Inc. (RMR) – What Are Brokerages Saying About This Stock?

The RMR Group Inc. (NASDAQ:RMR – Get Free Report) has earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $21.33.

Several research firms have commented on RMR. Weiss Ratings lowered The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Maxim Group initiated coverage on The RMR Group in a research note on Friday, October 9th. They issued a “buy” rating and a $26.00 price objective for the company.

Check Out Our Latest Stock Analysis on RMR

Institutional Trading of The RMR Group

Several institutional investors and hedge funds have recently bought and sold shares of RMR. Triumph Capital Management boosted its stake in The RMR Group by 36.3% during the 3rd quarter. Triumph Capital Management now owns 4,159 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,107 shares during the period. Inspire Investing LLC increased its stake in The RMR Group by 6.5% in the first quarter. Inspire Investing LLC now owns 33,398 shares of the financial services provider’s stock valued at $517,000 after purchasing an additional 2,025 shares during the period. First Trust Advisors LP increased its stake 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 valued at $207,000 after purchasing an additional 2,147 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of The RMR Group by 9.9% during the first quarter. Janney Montgomery Scott LLC now owns 28,060 shares of the financial services provider’s stock worth $434,000 after buying an additional 2,526 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of The RMR Group by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 77,962 shares of the financial services provider’s stock worth $1,206,000 after buying an additional 3,769 shares during the period. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Trading Up 3.3%

Shares of NASDAQ:RMR opened at $18.70 on Friday. The RMR Group has a 52 week low of $14.27 and a 52 week high of $21.45. The company’s 50 day moving average is $19.03 and its two-hundred day moving average is $19.11. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.06. The company has a market cap of $599.90 million, a PE ratio of 26.64 and a beta of 1.00.

The RMR Group (NASDAQ:RMR – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $153.51 million during the quarter, compared to analysts’ expectations 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, October 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.6%. The RMR Group’s dividend payout ratio (DPR) is 157.89%.

About The RMR Group

(Get Free Report)

The RMR Group Inc is an alternative asset management company that provides management services to publicly traded and private real estate companies. Its platform supports businesses that own and operate commercial real estate, including office, industrial, healthcare, senior living, hotel, and other property types.

RMR’s services include property and asset management, leasing, acquisitions and dispositions, development and redevelopment, construction management, financing support, and strategic planning.

Further Reading

Analyst Recommendations for The RMR Group (NASDAQ:RMR)

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