Prudential Financial Inc. increased its holdings in shares of RMR Group Inc (NASDAQ:RMR) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,424 shares of the financial services provider’s stock after purchasing an additional 3,997 shares during the period. Prudential Financial Inc. owned approximately 0.16% of RMR Group worth $2,730,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in RMR. IMS Capital Management bought a new stake in RMR Group in the 3rd quarter valued at approximately $131,000. LPL Financial LLC bought a new stake in RMR Group in the 3rd quarter valued at approximately $244,000. Victory Capital Management Inc. lifted its stake in RMR Group by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 5,498 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 215 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in RMR Group by 58.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 5,524 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 2,043 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in RMR Group by 46.6% in the 4th quarter. Rhumbline Advisers now owns 9,674 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 3,075 shares in the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.
RMR has been the topic of several research reports. ValuEngine cut RMR Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. BidaskClub lowered RMR Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Zacks Investment Research raised RMR Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. B. Riley raised RMR Group from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $89.00 to $82.00 in a research report on Tuesday, December 4th. Finally, TheStreet lowered RMR Group from a “b-” rating to a “c+” rating in a research report on Friday, November 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $81.50.
NASDAQ:RMR opened at $64.55 on Friday. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 27.70 and a beta of 1.31. RMR Group Inc has a twelve month low of $51.80 and a twelve month high of $98.00.
RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Thursday, February 7th. The financial services provider reported $3.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $3.22. The firm had revenue of $280.31 million for the quarter, compared to analyst estimates of $181.62 million. RMR Group had a return on equity of 17.44% and a net margin of 16.52%. Sell-side analysts forecast that RMR Group Inc will post 5 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 21st. Shareholders of record on Monday, January 28th were given a dividend of $0.35 per share. This is a positive change from RMR Group’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, January 25th. This represents a $1.40 annualized dividend and a dividend yield of 2.17%. RMR Group’s payout ratio is 60.09%.
RMR Group Company Profile
The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.
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