Several other equities analysts have also commented on RMR. Oppenheimer Holdings, Inc. initiated coverage on RMR Group in a report on Tuesday, April 18th. They set a market perform rating for the company. FBR & Co reaffirmed a mkt perform rating and set a $48.00 target price (up from $44.00) on shares of RMR Group in a report on Friday, May 12th. Finally, Zacks Investment Research raised RMR Group from a hold rating to a buy rating and set a $58.00 target price for the company in a report on Tuesday, May 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $58.00.
Shares of RMR Group (NYSE:RMR) opened at 46.70 on Tuesday. The firm has a market capitalization of $751.59 million and a PE ratio of 16.88. The firm’s 50-day moving average price is $48.96 and its 200-day moving average price is $49.89. RMR Group has a 52-week low of $33.90 and a 52-week high of $55.10.
RMR Group (NYSE:RMR) last announced its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $55.50 million during the quarter, compared to the consensus estimate of $54.65 million. RMR Group had a net margin of 32.69% and a return on equity of 19.25%. On average, equities analysts predict that RMR Group will post $2.79 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, July 24th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Thursday, July 20th.
Several institutional investors have recently bought and sold shares of RMR. State Street Corp raised its position in RMR Group by 9.5% in the fourth quarter. State Street Corp now owns 129,860 shares of the financial services provider’s stock valued at $5,133,000 after buying an additional 11,266 shares during the period. Dimensional Fund Advisors LP raised its position in RMR Group by 81.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 112,471 shares of the financial services provider’s stock valued at $4,443,000 after buying an additional 50,624 shares during the period. Teachers Advisors LLC raised its position in RMR Group by 88.9% in the fourth quarter. Teachers Advisors LLC now owns 32,198 shares of the financial services provider’s stock valued at $1,272,000 after buying an additional 15,151 shares during the period. Acadian Asset Management LLC raised its position in RMR Group by 8.0% in the first quarter. Acadian Asset Management LLC now owns 543,488 shares of the financial services provider’s stock valued at $26,903,000 after buying an additional 40,094 shares during the period. Finally, Russell Investments Group Ltd. raised its position in RMR Group by 114.3% in the first quarter. Russell Investments Group Ltd. now owns 60,016 shares of the financial services provider’s stock valued at $2,971,000 after buying an additional 32,007 shares during the period.
About RMR Group
The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.
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