RMR Group Inc (RMR) Declares $0.25 Quarterly Dividend
RMR Group Inc (NYSE:RMR) announced a quarterly dividend on Wednesday, October 12th. Shareholders of record on Friday, October 21st will be paid a dividend of 0.25 per share on Thursday, November 17th. This represents a $1.00 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, October 19th.
Shares of RMR Group (NYSE:RMR) traded up 1.04% during midday trading on Wednesday, reaching $37.77. 21,734 shares of the company’s stock traded hands. The company has a 50 day moving average of $38.70 and a 200 day moving average of $32.15. RMR Group has a 52-week low of $11.89 and a 52-week high of $40.67. The firm has a market cap of $604.58 million and a PE ratio of 16.70.
RMR Group (NYSE:RMR) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.42 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The firm had revenue of $52.20 million for the quarter, compared to analyst estimates of $41.16 million. On average, equities analysts predict that RMR Group will post $1.61 EPS for the current fiscal year.
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RMR has been the subject of several recent analyst reports. FBR & Co cut shares of RMR Group from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $31.00 to $39.00 in a research report on Wednesday, August 10th. Zacks Investment Research upgraded shares of RMR Group from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Friday, August 12th.
RMR Group Company Profile
The RMR Group Inc, formerly Reit Management & Research Inc, is a holding company. The Company holds interests in and is the managing member of The RMR Group LLC (RMR LLC). The Company’s business primarily consists of providing management services to four real estate investment trusts (REITs), namely, Government Properties Income Trust (GOV), Hospitality Properties Trust (HPT), Select Income REIT (SIR) and Senior Housing Properties Trust, and three real estate operating companies, namely, Five Star Quality Care, Inc (Five Star), Sonesta International Hotels Corporation and TravelCenters of America LLC.
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