The RMR Group (NASDAQ:RMR) Now Covered by Analysts at JMP Securities

JMP Securities initiated coverage on shares of The RMR Group (NASDAQ:RMR) in a research report report published on Friday, Marketbeat Ratings reports. The firm issued a market perform rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the company. TheStreet upgraded The RMR Group from a c+ rating to a b- rating in a report on Tuesday, January 2nd. StockNews.com downgraded shares of The RMR Group from a buy rating to a hold rating in a research note on Thursday, February 8th.

The RMR Group Stock Down 3.3 %

Shares of RMR opened at $22.57 on Friday. The firm has a 50-day moving average price of $23.85 and a 200 day moving average price of $24.67. The firm has a market capitalization of $715.69 million, a PE ratio of 6.52 and a beta of 1.30. The RMR Group has a 52-week low of $20.79 and a 52-week high of $28.82.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $261.67 million during the quarter, compared to analyst estimates of $223.18 million. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. On average, equities analysts expect that The RMR Group will post 1.92 EPS for the current year.

The RMR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be paid a $0.45 dividend. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, April 19th. This represents a $1.80 annualized dividend and a dividend yield of 7.98%. The RMR Group’s dividend payout ratio (DPR) is presently 46.24%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RMR. Swiss National Bank lifted its position in The RMR Group by 8.0% in the first quarter. Swiss National Bank now owns 36,592 shares of the financial services provider’s stock worth $1,138,000 after purchasing an additional 2,700 shares during the period. Bank of New York Mellon Corp lifted its position in The RMR Group by 16.7% in the first quarter. Bank of New York Mellon Corp now owns 106,663 shares of the financial services provider’s stock worth $3,317,000 after purchasing an additional 15,225 shares during the period. MetLife Investment Management LLC lifted its position in The RMR Group by 58.7% in the first quarter. MetLife Investment Management LLC now owns 7,468 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 2,762 shares during the period. Rhumbline Advisers lifted its position in The RMR Group by 13.7% in the first quarter. Rhumbline Advisers now owns 59,204 shares of the financial services provider’s stock worth $1,841,000 after purchasing an additional 7,138 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of The RMR Group by 0.4% during the first quarter. BlackRock Inc. now owns 1,325,799 shares of the financial services provider’s stock valued at $41,232,000 after acquiring an additional 4,845 shares during the period. 42.31% of the stock is owned by institutional investors.

About The RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.