RMR Group (RMR) Downgraded by ValuEngine

ValuEngine lowered shares of RMR Group (NASDAQ:RMR) from a buy rating to a hold rating in a report released on Tuesday morning.

A number of other brokerages have also recently issued reports on RMR. B. Riley set a $89.00 price objective on shares of RMR Group and gave the company a hold rating in a research note on Monday, August 13th. BidaskClub lowered shares of RMR Group from a buy rating to a hold rating in a report on Saturday, October 13th. Finally, Zacks Investment Research lowered shares of RMR Group from a buy rating to a hold rating in a report on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $95.00.

Shares of RMR stock opened at $64.43 on Tuesday. RMR Group has a 52-week low of $52.81 and a 52-week high of $98.00. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 17.00 and a beta of 0.69.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, October 29th were issued a $0.35 dividend. The ex-dividend date was Friday, October 26th. This is a positive change from RMR Group’s previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a yield of 2.17%. RMR Group’s dividend payout ratio (DPR) is 36.94%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in RMR Group by 11.5% in the third quarter. Vanguard Group Inc. now owns 1,014,631 shares of the financial services provider’s stock worth $94,157,000 after purchasing an additional 104,256 shares during the period. Acadian Asset Management LLC raised its holdings in RMR Group by 2.8% in the second quarter. Acadian Asset Management LLC now owns 535,106 shares of the financial services provider’s stock worth $41,981,000 after purchasing an additional 14,432 shares during the period. BlackRock Inc. raised its holdings in RMR Group by 1.1% in the third quarter. BlackRock Inc. now owns 483,053 shares of the financial services provider’s stock worth $44,826,000 after purchasing an additional 5,124 shares during the period. FMR LLC raised its holdings in RMR Group by 39.0% in the third quarter. FMR LLC now owns 421,124 shares of the financial services provider’s stock worth $39,080,000 after purchasing an additional 118,096 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in RMR Group by 9.3% in the third quarter. Dimensional Fund Advisors LP now owns 368,113 shares of the financial services provider’s stock worth $34,159,000 after purchasing an additional 31,236 shares during the period. Institutional investors own 18.66% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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