The RMR Group (NASDAQ:RMR) Upgraded at Zacks Research

Zacks Research upgraded shares of The RMR Group (NASDAQ:RMR) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

A number of other brokerages also recently commented on RMR. Weiss Ratings reissued a “sell (d+)” rating on shares of The RMR Group in a research report on Monday, December 29th. LADENBURG THALM/SH SH initiated coverage on shares of The RMR Group in a research report on Wednesday, January 7th. They issued a “buy” rating and a $17.00 price target for the company. Finally, Wall Street Zen upgraded shares of The RMR Group from a “sell” rating to a “hold” rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, The RMR Group currently has an average rating of “Moderate Buy” and an average price target of $20.50.

The RMR Group Stock Performance

NASDAQ RMR opened at $16.47 on Monday. The RMR Group has a 1-year low of $13.48 and a 1-year high of $19.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.25 and a quick ratio of 0.25. The stock’s 50 day simple moving average is $15.51 and its 200-day simple moving average is $15.95. The company has a market cap of $528.03 million, a PE ratio of 15.69 and a beta of 0.96.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Wednesday, November 12th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $152.23 million during the quarter, compared to analyst estimates of $210.10 million. The RMR Group had a net margin of 2.48% and a return on equity of 4.60%. As a group, equities research analysts anticipate that The RMR Group will post 1.51 EPS for the current fiscal year.

The RMR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Monday, January 26th will be paid a $0.45 dividend. The ex-dividend date is Monday, January 26th. This represents a $1.80 annualized dividend and a yield of 10.9%. The RMR Group’s payout ratio is 171.43%.

Insider Buying and Selling at The RMR Group

In related news, major shareholder Tremont Realty Capital Llc purchased 2,015,748 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the completion of the purchase, the insider owned 4,577,835 shares in the company, valued at approximately $39,598,272.75. This represents a 78.68% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 54.69% of the company’s stock.

Institutional Trading of The RMR Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of The RMR Group by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,616,140 shares of the financial services provider’s stock worth $25,422,000 after acquiring an additional 6,439 shares during the last quarter. Nantahala Capital Management LLC lifted its position in shares of The RMR Group by 55.9% during the second quarter. Nantahala Capital Management LLC now owns 1,147,902 shares of the financial services provider’s stock valued at $18,768,000 after purchasing an additional 411,700 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of The RMR Group by 0.6% during the third quarter. Federated Hermes Inc. now owns 514,321 shares of the financial services provider’s stock valued at $8,090,000 after purchasing an additional 3,005 shares in the last quarter. Geode Capital Management LLC increased its stake in The RMR Group by 3.7% in the 2nd quarter. Geode Capital Management LLC now owns 460,402 shares of the financial services provider’s stock valued at $7,529,000 after buying an additional 16,239 shares during the last quarter. Finally, Garner Asset Management Corp lifted its position in shares of The RMR Group by 3.5% during the 3rd quarter. Garner Asset Management Corp now owns 379,961 shares of the financial services provider’s stock worth $5,985,000 after buying an additional 12,861 shares in the last quarter. 42.31% of the stock is currently owned by institutional investors.

About The RMR Group

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.