RMR Group Inc (RMR) Given Consensus Recommendation of “Hold” by Brokerages

RMR Group Inc (NASDAQ:RMR) has been assigned an average rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $63.50.

Several brokerages recently issued reports on RMR. B. Riley reissued a “neutral” rating on shares of RMR Group in a research note on Wednesday, November 1st. Zacks Investment Research cut RMR Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. BidaskClub cut RMR Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, TheStreet raised RMR Group from a “c” rating to a “b-” rating in a research note on Tuesday, December 12th.

RMR Group (NASDAQ:RMR) opened at $56.45 on Friday. The company has a market capitalization of $850.61, a P/E ratio of 21.46 and a beta of -0.51. RMR Group has a 52 week low of $42.35 and a 52 week high of $67.90.

RMR Group (NASDAQ:RMR) last released its earnings results on Thursday, February 8th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. RMR Group had a return on equity of 11.27% and a net margin of 15.56%. equities analysts predict that RMR Group will post 1.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 26th. This represents a $1.00 annualized dividend and a yield of 1.77%. RMR Group’s dividend payout ratio (DPR) is currently 38.02%.

Large investors have recently made changes to their positions in the stock. Opus Capital Group LLC purchased a new stake in RMR Group during the fourth quarter worth $3,559,000. FMR LLC lifted its holdings in RMR Group by 114.5% during the second quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock worth $3,018,000 after buying an additional 33,115 shares during the period. Dimensional Fund Advisors LP lifted its holdings in RMR Group by 17.4% during the third quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock worth $10,291,000 after buying an additional 29,686 shares during the period. Confluence Investment Management LLC purchased a new stake in RMR Group during the fourth quarter worth $1,580,000. Finally, Chicago Equity Partners LLC purchased a new stake in RMR Group during the third quarter worth $924,000. 34.27% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/09/rmr-group-inc-rmr-given-consensus-recommendation-of-hold-by-brokerages.html.

About RMR Group

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.

Receive News & Ratings for RMR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RMR Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply