The RMR Group (NASDAQ:RMR) Sets New 12-Month High – Should You Buy?

The RMR Group Inc. (NASDAQ:RMR)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $20.58 and last traded at $20.4550, with a volume of 30940 shares traded. The stock had previously closed at $20.36.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RMR shares. Zacks Research upgraded The RMR Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. B. Riley Financial lowered their price target on The RMR Group from $24.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Finally, Weiss Ratings upgraded The RMR Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

The RMR Group Stock Performance

The company has a market cap of $652.42 million, a PE ratio of 16.80 and a beta of 1.05. The firm has a fifty day simple moving average of $17.95 and a 200 day simple moving average of $16.63.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $145.63 million during the quarter, compared to analysts’ expectations of $171.44 million. The RMR Group had a net margin of 3.23% and a return on equity of 3.44%. As a group, equities analysts predict that The RMR Group Inc. will post 0.69 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend was Tuesday, April 21st. The RMR Group’s payout ratio is currently 148.76%.

Hedge Funds Weigh In On The RMR Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its position in shares of 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 in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of The RMR Group by 12.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,252 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 1,212 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of The RMR Group by 11.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 13,337 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 1,345 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of The RMR Group by 538.5% in the 3rd quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,400 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of The RMR Group by 7.1% in the 3rd quarter. Alliancebernstein L.P. now owns 21,097 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 1,400 shares during the period. 42.31% of the stock is owned by institutional investors and hedge funds.

The RMR Group Company Profile

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.