The RMR Group (NASDAQ:RMR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of The RMR Group (NASDAQ:RMR) from a sell rating to a hold rating in a research note released on Saturday morning.

A number of other analysts also recently issued reports on RMR. Zacks Research downgraded shares of The RMR Group from a “hold” rating to a “strong sell” rating in a report on Monday, November 24th. Weiss Ratings restated a “sell (d+)” rating on shares of The RMR Group in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. According to MarketBeat, The RMR Group has a consensus rating of “Hold” and an average price target of $24.00.

The RMR Group Stock Down 0.8%

Shares of NASDAQ RMR opened at $15.46 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $15.23 and a 200-day moving average of $16.03. The firm has a market capitalization of $495.65 million, a price-to-earnings ratio of 14.72 and a beta of 0.97. The RMR Group has a 12 month low of $13.48 and a 12 month high of $22.60.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Wednesday, November 12th. The financial services provider reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The RMR Group had a net margin of 2.48% and a return on equity of 4.60%. The business had revenue of $152.23 million for the quarter, compared to the consensus estimate of $210.10 million. Sell-side analysts expect that The RMR Group will post 1.51 earnings per share for the current fiscal year.

The RMR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, October 27th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend was Monday, October 27th. The RMR Group’s dividend payout ratio (DPR) is 171.43%.

Institutional Investors Weigh In On The RMR Group

A number of hedge funds and other institutional investors have recently modified their holdings of RMR. NewEdge Advisors LLC boosted its holdings in The RMR Group by 313.1% during the 1st quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,124 shares during the period. New York State Common Retirement Fund lifted its position 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 valued at $26,000 after purchasing an additional 1,400 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of The RMR Group by 1,307.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,773 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,647 shares during the period. Quarry LP bought a new position in shares of The RMR Group in the third quarter worth approximately $36,000. Finally, AlphaQuest LLC increased its stake in shares of The RMR Group by 131.3% in the first quarter. AlphaQuest LLC now owns 2,406 shares of the financial services provider’s stock worth $40,000 after buying an additional 1,366 shares during the period. Institutional investors own 42.31% of the company’s stock.

About The RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.