The RMR Group (NASDAQ:RMR) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of The RMR Group (NASDAQ:RMR) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of The RMR Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of The RMR Group in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. According to MarketBeat, The RMR Group presently has an average rating of “Hold” and an average target price of $24.00.

The RMR Group Trading Up 2.7%

Shares of RMR stock opened at $15.40 on Monday. The RMR Group has a 12-month low of $13.48 and a 12-month high of $22.60. The company has a market capitalization of $490.80 million, a PE ratio of 13.16 and a beta of 1.20. The firm has a 50 day moving average price of $15.35 and a two-hundred day moving average price of $15.99. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.11.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Wednesday, November 12th. The financial services provider reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The RMR Group had a net margin of 2.56% and a return on equity of 5.01%. The business had revenue of $152.23 million for the quarter, compared to the consensus estimate of $210.10 million. As a group, analysts predict that The RMR Group will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, October 27th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, October 27th. This represents a $1.80 annualized dividend and a dividend yield of 11.7%. The RMR Group’s dividend payout ratio is presently 171.43%.

Hedge Funds Weigh In On The RMR Group

A number of hedge funds have recently bought and sold shares of the company. Unison Advisors LLC lifted its stake in The RMR Group by 2.9% in the second quarter. Unison Advisors LLC now owns 23,017 shares of the financial services provider’s stock valued at $376,000 after buying an additional 649 shares during the period. NewEdge Advisors LLC increased its stake in shares of The RMR Group by 313.1% in the 1st quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,124 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of The RMR Group by 12.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,252 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 1,212 shares during the period. AlphaQuest LLC boosted its stake in The RMR Group by 131.3% during the first quarter. AlphaQuest LLC now owns 2,406 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 1,366 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in The RMR Group by 538.5% during the third quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors own 42.31% of the company’s stock.

The RMR Group Company Profile

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.