RMR Group Inc (RMR) Given Consensus Rating of “Buy” by Analysts
RMR Group Inc (NYSE:RMR) has been assigned a consensus rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $60.00.
A number of brokerages have recently commented on RMR. Zacks Investment Research cut RMR Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Canaccord Genuity set a $72.00 price objective on RMR Group and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub cut RMR Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, FBR & Co restated a “neutral” rating and set a $51.00 price objective (up previously from $50.00) on shares of RMR Group in a report on Monday, October 2nd.
Shares of RMR Group (RMR) opened at 52.45 on Wednesday. The company has a market cap of $844.13 million and a P/E ratio of 18.96. The firm has a 50-day moving average price of $51.81 and a 200 day moving average price of $50.38. RMR Group has a 12 month low of $33.90 and a 12 month high of $55.10.
RMR Group (NYSE:RMR) last announced its earnings results on Wednesday, August 9th. The financial services provider reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02). The company had revenue of $55.50 million during the quarter, compared to analysts’ expectations of $54.65 million. RMR Group had a return on equity of 18.72% and a net margin of 31.72%. Equities analysts predict that RMR Group will post $2.74 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, October 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, October 20th.
A number of institutional investors and hedge funds have recently bought and sold shares of RMR. Vanguard Group Inc. boosted its holdings in RMR Group by 8.7% during the 1st quarter. Vanguard Group Inc. now owns 572,314 shares of the financial services provider’s stock valued at $28,330,000 after acquiring an additional 45,603 shares during the period. Marshall Wace North America L.P. purchased a new position in RMR Group during the 2nd quarter valued at $1,774,000. FMR LLC boosted its holdings in RMR Group by 114.5% during the 2nd quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock valued at $3,018,000 after acquiring an additional 33,115 shares during the period. Seizert Capital Partners LLC boosted its holdings in RMR Group by 62.9% during the 2nd quarter. Seizert Capital Partners LLC now owns 84,925 shares of the financial services provider’s stock valued at $4,132,000 after acquiring an additional 32,792 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in RMR Group by 469.8% during the 1st quarter. Alliancebernstein L.P. now owns 39,260 shares of the financial services provider’s stock valued at $1,943,000 after acquiring an additional 32,370 shares during the period.
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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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