RMR Group Inc (RMR) Receives Average Rating of “Hold” from Analysts

Shares of RMR Group Inc (NASDAQ:RMR) have been given an average recommendation of “Hold” by the six research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $89.00.

Several brokerages recently commented on RMR. Zacks Investment Research cut RMR Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 25th. BidaskClub upgraded RMR Group from a “hold” rating to a “buy” rating in a research report on Friday, August 24th. Finally, B. Riley boosted their price target on RMR Group from $88.00 to $89.00 and gave the stock a “$85.80” rating in a research report on Thursday, July 19th.

Shares of RMR traded down $3.80 during trading hours on Friday, hitting $64.99. 117,300 shares of the stock were exchanged, compared to its average volume of 46,920. RMR Group has a 12-month low of $52.81 and a 12-month high of $98.00. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 17.13 and a beta of 0.69.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, October 29th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, October 26th. This represents a $1.40 dividend on an annualized basis and a yield of 2.15%. This is a positive change from RMR Group’s previous quarterly dividend of $0.25. RMR Group’s payout ratio is 36.94%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in RMR Group by 15.9% during the second quarter. Victory Capital Management Inc. now owns 4,976 shares of the financial services provider’s stock worth $390,000 after buying an additional 681 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in RMR Group by 11.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,276 shares of the financial services provider’s stock worth $571,000 after buying an additional 720 shares during the last quarter. Bowling Portfolio Management LLC boosted its stake in RMR Group by 4.1% during the second quarter. Bowling Portfolio Management LLC now owns 23,282 shares of the financial services provider’s stock worth $1,826,000 after buying an additional 918 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in RMR Group by 19.6% during the first quarter. JPMorgan Chase & Co. now owns 5,811 shares of the financial services provider’s stock worth $406,000 after buying an additional 954 shares during the last quarter. Finally, Stone Ridge Asset Management LLC boosted its stake in RMR Group by 8.0% during the third quarter. Stone Ridge Asset Management LLC now owns 13,004 shares of the financial services provider’s stock worth $1,207,000 after buying an additional 958 shares during the last quarter. 18.15% of the stock is currently owned by institutional investors.

About RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2017, the company had approximately 1,400 properties under management, which are primarily owned by its Managed Equity REITs.

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