The RMR Group Inc. (NASDAQ:RMR – Get Free Report) passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $19.36 and traded as low as $18.02. The RMR Group shares last traded at $18.08, with a volume of 148,502 shares.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded shares of The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.
View Our Latest Stock Report on RMR
The RMR Group Price Performance
The RMR Group (NASDAQ:RMR – Get Free Report) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The business had revenue of $153.51 million during the quarter, compared to analysts’ expectations of $147.60 million. The RMR Group had a return on equity of 2.96% and a net margin of 3.10%. As a group, research analysts anticipate that The RMR Group Inc. will post 0.63 earnings per share for the current fiscal year.
The RMR Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend was Monday, July 20th. The RMR Group’s payout ratio is presently 157.89%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management grew its position in The RMR Group by 117.7% in the 2nd quarter. Triumph Capital Management now owns 3,052 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 1,650 shares during the period. State of Wyoming purchased a new stake in The RMR Group during the 1st quarter valued at $137,000. DGS Capital Management LLC bought a new position in shares of The RMR Group during the 1st quarter valued at $184,000. First Trust Advisors LP lifted 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 buying an additional 2,147 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in shares of The RMR Group by 111.6% in the 1st quarter. Ritholtz Wealth Management now owns 22,302 shares of the financial services provider’s stock worth $345,000 after buying an additional 11,763 shares during the last quarter. Institutional investors own 42.31% of the company’s stock.
About The RMR Group
The RMR Group Inc is an alternative asset management and property management company based in Newton, Massachusetts. It provides management services to real estate investment trusts (REITs), real estate operating companies and private investment vehicles, with a focus on improving the performance and value of the properties and businesses it oversees.
The company’s services include asset management, property management, leasing, acquisition and disposition support, development and redevelopment, accounting, finance, human resources and other corporate functions.
See Also
- Five stocks we like better than The RMR Group
- AST SpaceMobile’s BlueBird Progress Comes With Several Risks Still Unresolved
- Time to Nibble on MCD Stock After it Enters Oversold Territory?
- McCormick Stock Trades Cheap, Offers Dividend Growth and Unilever Deal Upside
- Corning and AT&T’s $3 Billion Fiber Deal Reveals Where AI Spending Goes Next
Receive News & Ratings for The RMR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The RMR Group and related companies with MarketBeat.com's FREE daily email newsletter.
