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 research report released on Monday,Zacks.com reports.

Several other research analysts also recently commented on the company. B. Riley Financial reduced their price objective on The RMR Group from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. LADENBURG THALM/SH SH started coverage on The RMR Group in a report on Wednesday, January 7th. They set a “buy” rating and a $17.00 price objective on the stock. Wall Street Zen raised The RMR Group from a “sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings raised The RMR Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

The RMR Group Stock Down 0.3%

RMR opened at $16.55 on Monday. The stock’s fifty day moving average is $16.39 and its two-hundred day moving average is $15.74. The company has a market capitalization of $530.59 million, a P/E ratio of 11.99 and a beta of 0.93. The RMR Group has a 52 week low of $13.48 and a 52 week high of $18.09.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The company had revenue of $180.42 million for the quarter, compared to the consensus estimate of $214.10 million. The RMR Group had a return on equity of 4.03% and a net margin of 3.52%. Equities analysts anticipate that The RMR Group will post 1.51 earnings per share for the current year.

The RMR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend is Tuesday, April 21st. The RMR Group’s dividend payout ratio (DPR) is 130.43%.

Institutional Trading of The RMR Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in The RMR Group during the 4th quarter valued at $199,000. Inspire Investing LLC boosted its position in The RMR Group by 7.9% during the 4th quarter. Inspire Investing LLC now owns 31,373 shares of the financial services provider’s stock valued at $467,000 after acquiring an additional 2,299 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in The RMR Group by 77.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 30,206 shares of the financial services provider’s stock valued at $450,000 after acquiring an additional 13,226 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in The RMR Group by 16.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,774 shares of the financial services provider’s stock valued at $772,000 after acquiring an additional 7,447 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in The RMR Group by 4.2% during the 4th quarter. Russell Investments Group Ltd. now owns 49,188 shares of the financial services provider’s stock valued at $733,000 after acquiring an additional 1,982 shares in the last quarter. Institutional investors own 42.31% of the company’s stock.

The RMR Group Company Profile

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.