RMR Group (RMR) Upgraded at BidaskClub

BidaskClub upgraded shares of RMR Group (NASDAQ:RMR) from a buy rating to a strong-buy rating in a report released on Saturday.

A number of other research analysts have also recently commented on RMR. FBR & Co restated a neutral rating and set a $51.00 price objective (up previously from $50.00) on shares of RMR Group in a research note on Monday, October 2nd. Zacks Investment Research upgraded RMR Group from a hold rating to a strong-buy rating and set a $61.00 price objective on the stock in a research note on Wednesday, October 4th. B. Riley restated a neutral rating on shares of RMR Group in a research note on Wednesday, November 1st. Oppenheimer restated a hold rating on shares of RMR Group in a research note on Tuesday, December 12th. Finally, TheStreet upgraded RMR Group from a c rating to a b- rating in a research note on Tuesday, December 12th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $62.00.

RMR Group (NASDAQ RMR) opened at $67.05 on Friday. The company has a market capitalization of $2,090.00 and a PE ratio of 25.59. RMR Group has a one year low of $42.35 and a one year high of $67.20.

RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Tuesday, December 12th. The financial services provider reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.12. RMR Group had a return on equity of 11.27% and a net margin of 15.56%. research analysts forecast that RMR Group will post 1.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 29th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, January 26th. RMR Group’s dividend payout ratio (DPR) is 38.17%.

Several large investors have recently added to or reduced their stakes in RMR. Schwab Charles Investment Management Inc. increased its holdings in RMR Group by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 27,854 shares of the financial services provider’s stock valued at $1,356,000 after buying an additional 152 shares during the last quarter. Rhumbline Advisers increased its holdings in RMR Group by 6.1% in the second quarter. Rhumbline Advisers now owns 8,081 shares of the financial services provider’s stock valued at $393,000 after buying an additional 466 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in RMR Group by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 41,804 shares of the financial services provider’s stock valued at $2,033,000 after buying an additional 2,360 shares during the last quarter. Prudential Financial Inc. increased its holdings in RMR Group by 8.2% in the second quarter. Prudential Financial Inc. now owns 67,197 shares of the financial services provider’s stock valued at $3,269,000 after buying an additional 5,100 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in RMR Group in the second quarter valued at about $211,000. Institutional investors and hedge funds own 34.54% of the company’s stock.

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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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