The RMR Group (NASDAQ:RMR) Sets New 1-Year High – Should You Buy?

The RMR Group Inc. (NASDAQ:RMR) shares hit a new 52-week high during trading on Thursday . The company traded as high as $21.16 and last traded at $21.05, with a volume of 220308 shares traded. The stock had previously closed at $20.53.

Wall Street Analyst Weigh In

A number of brokerages have commented on RMR. Zacks Research upgraded The RMR Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings upgraded The RMR Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, B. Riley Financial dropped their target price on The RMR Group from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, The RMR Group currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

The RMR Group Price Performance

The firm has a market capitalization of $675.56 million, a PE ratio of 17.40 and a beta of 1.05. The stock has a 50-day moving average price of $18.36 and a 200-day moving average price of $16.79.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The RMR Group had a return on equity of 3.44% and a net margin of 3.23%.The business had revenue of $145.63 million for the quarter, compared to analysts’ expectations of $171.44 million. As a group, equities research analysts predict that The RMR Group Inc. will post 0.69 earnings per share for the current fiscal year.

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend was Tuesday, April 21st. The RMR Group’s payout ratio is presently 148.76%.

Institutional Trading of The RMR Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC increased its position in shares of The RMR Group by 313.1% during the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 1,124 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in The RMR Group by 11.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,337 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 1,345 shares in the last quarter. New York State Common Retirement Fund grew its stake in The RMR Group by 538.5% in the third quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,400 shares in the last quarter. Alliancebernstein L.P. grew its stake in The RMR Group by 7.1% in the third quarter. Alliancebernstein L.P. now owns 21,097 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in The RMR Group by 2.7% in the second quarter. Qube Research & Technologies Ltd now owns 61,809 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 1,641 shares in the last quarter. 42.31% of the stock is owned by hedge funds and other 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.