The RMR Group Inc. (NASDAQ:RMR) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

The RMR Group Inc. (NASDAQ:RMR) has earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $21.33.

Several research firms recently issued reports on RMR. Maxim Group began coverage on The RMR Group in a research note on Friday. They set a “buy” rating and a $26.00 target price on the stock. Weiss Ratings cut shares of The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st.

The RMR Group Stock Performance

The RMR Group stock opened at $17.71 on Friday. The firm has a 50 day simple moving average of $19.10 and a 200-day simple moving average of $19.02. The stock has a market cap of $568.14 million, a price-to-earnings ratio of 15.54 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.24 and a quick ratio of 0.24. The RMR Group has a 1-year low of $14.27 and a 1-year high of $21.45.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The RMR Group had a net margin of 3.10% and a return on equity of 2.96%. The company had revenue of $153.51 million during the quarter, compared to analysts’ expectations of $147.60 million. On average, analysts expect that The RMR Group will post 0.63 EPS for the current year.

The RMR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Monday, October 19th. The RMR Group’s dividend payout ratio is presently 157.89%.

Hedge Funds Weigh In On The RMR Group

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of The RMR Group by 76.1% in the first quarter. Bank of America Corp DE now owns 941,252 shares of the financial services provider’s stock valued at $14,561,000 after acquiring an additional 406,888 shares in the last quarter. NewEdge Advisors LLC grew its stake in The RMR Group by 139,802.2% during the 2nd quarter. NewEdge Advisors LLC now owns 64,355 shares of the financial services provider’s stock worth $1,321,000 after purchasing an additional 64,309 shares in the last quarter. Globeflex Capital L P purchased a new stake in The RMR Group during the 2nd quarter worth about $852,000. Principal Financial Group Inc. purchased a new stake in The RMR Group during the 1st quarter worth about $636,000. Finally, Aviance Capital Partners LLC raised its position in The RMR Group by 41.7% in the 1st quarter. Aviance Capital Partners LLC now owns 90,134 shares of the financial services provider’s stock valued at $1,394,000 after purchasing an additional 26,536 shares in the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

About The RMR Group

The RMR Group Inc is an alternative asset management company that provides management services to publicly traded and private real estate companies. Its platform supports businesses that own and operate commercial real estate, including office, industrial, healthcare, senior living, hotel, and other property types.

RMR’s services include property and asset management, leasing, acquisitions and dispositions, development and redevelopment, construction management, financing support, and strategic planning.