Great West Life Assurance Co. Can decreased its holdings in shares of RMR Group Inc (NYSE:RMR) by 22.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,426 shares of the financial services provider’s stock after selling 2,508 shares during the quarter. Great West Life Assurance Co. Can owned 0.05% of RMR Group worth $409,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System bought a new position in shares of RMR Group during the first quarter valued at approximately $208,000. American International Group Inc. boosted its holdings in shares of RMR Group by 7.1% in the first quarter. American International Group Inc. now owns 4,261 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 281 shares during the period. Bank of America Corp DE boosted its holdings in shares of RMR Group by 1.2% in the first quarter. Bank of America Corp DE now owns 5,027 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 59 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of RMR Group in the first quarter valued at approximately $328,000. Finally, KCG Holdings Inc. purchased a new stake in shares of RMR Group in the first quarter valued at approximately $358,000.
RMR has been the subject of a number of research reports. Zacks Investment Research upgraded RMR Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, May 16th. Canaccord Genuity set a $68.00 price target on RMR Group and gave the company a “buy” rating in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. RMR Group has an average rating of “Hold” and a consensus target price of $58.00.
Shares of RMR Group Inc (RMR) opened at 49.30 on Monday. The stock has a market cap of $793.43 million and a price-to-earnings ratio of 17.82. The firm’s 50-day moving average price is $48.91 and its 200-day moving average price is $49.94. RMR Group Inc has a 12-month low of $33.90 and a 12-month high of $55.10.
RMR Group (NYSE:RMR) last issued its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.02. RMR Group had a net margin of 31.72% and a return on equity of 18.72%. The business had revenue of $55.50 million during the quarter, compared to analysts’ expectations of $54.65 million. On average, analysts forecast that RMR Group Inc will post $2.78 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, July 24th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $1.00 annualized dividend and a yield of 2.03%.
RMR Group Company Profile
The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.
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