The RMR Group (NASDAQ:RMR) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of The RMR Group (NASDAQ:RMRGet Rating) from a hold rating to a buy rating in a report released on Wednesday morning.

Separately, Oppenheimer reissued a market perform rating on shares of The RMR Group in a research note on Tuesday, August 9th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The RMR Group presently has an average rating of Hold and a consensus price target of $36.00.

The RMR Group Trading Up 0.1 %

Shares of RMR stock opened at $25.70 on Wednesday. The firm has a 50-day moving average price of $27.49 and a 200 day moving average price of $28.54. The RMR Group has a twelve month low of $25.02 and a twelve month high of $37.72. The company has a market capitalization of $809.16 million, a price-to-earnings ratio of 11.90 and a beta of 1.50.

The RMR Group (NASDAQ:RMRGet Rating) last announced its earnings results on Thursday, August 4th. The financial services provider reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. The RMR Group had a net margin of 4.66% and a return on equity of 10.04%. The firm had revenue of $211.09 million during the quarter, compared to the consensus estimate of $181.91 million. As a group, research analysts predict that The RMR Group will post 2.12 earnings per share for the current year.

The RMR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Monday, July 25th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date was Friday, July 22nd. The RMR Group’s dividend payout ratio is currently 74.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RMR. Flat Footed LLC acquired a new position in shares of The RMR Group during the 4th quarter valued at about $5,487,000. Royce & Associates LP increased its stake in shares of The RMR Group by 108.1% during the 2nd quarter. Royce & Associates LP now owns 287,266 shares of the financial services provider’s stock valued at $8,144,000 after acquiring an additional 149,209 shares during the last quarter. Garner Asset Management Corp increased its position in The RMR Group by 147.5% during the 2nd quarter. Garner Asset Management Corp now owns 222,404 shares of the financial services provider’s stock worth $6,305,000 after purchasing an additional 132,561 shares in the last quarter. Victory Capital Management Inc. increased its position in The RMR Group by 62.7% during the 1st quarter. Victory Capital Management Inc. now owns 263,212 shares of the financial services provider’s stock worth $7,180,000 after purchasing an additional 101,437 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in The RMR Group by 395.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 123,423 shares of the financial services provider’s stock worth $3,838,000 after purchasing an additional 98,505 shares in the last quarter. Institutional investors and hedge funds own 40.65% of the company’s stock.

About The RMR Group

(Get Rating)

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. The company provides management services to its four publicly traded real estate investment trusts and three real estate operating companies. It also provides investment advisory services.

See Also

Analyst Recommendations for The RMR Group (NASDAQ:RMR)

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