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 research note released on Tuesday morning.

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

The RMR Group Stock Performance

Shares of RMR opened at $27.05 on Tuesday. The RMR Group has a 1 year low of $23.00 and a 1 year high of $37.71. The stock has a market capitalization of $851.67 million, a PE ratio of 12.52 and a beta of 1.49. The stock has a 50-day simple moving average of $25.81 and a 200-day simple moving average of $27.37.

The RMR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Monday, October 24th will be issued a dividend of $0.40 per share. This is a boost from The RMR Group’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date is Friday, October 21st. The RMR Group’s dividend payout ratio (DPR) is currently 74.07%.

Institutional Investors Weigh In On The RMR Group

Institutional investors have recently made changes to their positions in the business. Flat Footed LLC purchased a new stake in shares of The RMR Group during the 3rd quarter valued at about $5,890,000. Royce & Associates LP boosted its position in The RMR Group by 108.1% in the second quarter. Royce & Associates LP now owns 287,266 shares of the financial services provider’s stock valued at $8,144,000 after buying an additional 149,209 shares during the last quarter. Garner Asset Management Corp raised its stake in The RMR Group by 147.5% in the 2nd quarter. Garner Asset Management Corp now owns 222,404 shares of the financial services provider’s stock valued at $6,305,000 after purchasing an additional 132,561 shares during the last quarter. BlackRock Inc. increased its stake in shares of The RMR Group by 7.6% in the 3rd quarter. BlackRock Inc. now owns 1,478,140 shares of the financial services provider’s stock worth $35,019,000 after acquiring an additional 104,710 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of 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 during the period. Hedge funds and other institutional investors 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.

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