The RMR Group (NASDAQ:RMR) Shares Gap Down – Time to Sell?

The RMR Group Inc. (NASDAQ:RMRGet Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $21.37, but opened at $20.54. The RMR Group shares last traded at $20.6730, with a volume of 5,090 shares.

Analyst Ratings Changes

A number of analysts recently weighed in on RMR shares. B. Riley Financial reduced their target price on shares of The RMR Group from $24.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Zacks Research upgraded shares of The RMR Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Weiss Ratings upgraded shares of The RMR Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

View Our Latest Research Report on The RMR Group

The RMR Group Trading Down 0.9%

The company has a market cap of $652.07 million, a PE ratio of 16.79 and a beta of 1.05. The business’s 50-day simple moving average is $18.87 and its 200-day simple moving average is $16.98.

The RMR Group (NASDAQ:RMRGet Free Report) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The RMR Group had a return on equity of 3.44% and a net margin of 3.23%.The company had revenue of $145.63 million during the quarter, compared to analysts’ expectations of $171.44 million. On average, research analysts predict that The RMR Group Inc. will post 0.69 earnings per share for the current fiscal year.

The RMR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st were given a $0.45 dividend. The ex-dividend date was Tuesday, April 21st. This represents a $1.80 dividend on an annualized basis and a yield of 8.9%. The RMR Group’s dividend payout ratio is presently 148.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of The RMR Group by 76.1% during the 1st quarter. Bank of America Corp DE now owns 941,252 shares of the financial services provider’s stock valued at $14,561,000 after purchasing an additional 406,888 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of The RMR Group by 16.3% during the 1st quarter. Quantinno Capital Management LP now owns 66,829 shares of the financial services provider’s stock valued at $1,034,000 after purchasing an additional 9,347 shares in the last quarter. Flat Footed LLC raised its holdings in shares of The RMR Group by 2.4% during the 1st quarter. Flat Footed LLC now owns 802,739 shares of the financial services provider’s stock valued at $12,418,000 after purchasing an additional 18,776 shares in the last quarter. State of Wyoming bought a new position in shares of The RMR Group during the 1st quarter valued at $137,000. Finally, First Trust Advisors LP raised its holdings in shares of The RMR Group by 19.1% during the 1st 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 in the last quarter. Institutional investors own 42.31% of the company’s stock.

About The RMR Group

(Get Free Report)

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.

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