The RMR Group Inc. (NASDAQ:RMR) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

The RMR Group Inc. (NASDAQ:RMR) has received an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $21.33.

A number of research firms have commented on RMR. Maxim Group assumed coverage on The RMR Group in a research note on Friday, October 9th. They set a “buy” rating and a $26.00 price target on the stock. Weiss Ratings cut The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st.

Institutional Trading of The RMR Group

A number of institutional investors and hedge funds have recently bought and sold shares of RMR. Bank of America Corp DE lifted its position in The RMR Group by 76.1% in the first quarter. Bank of America Corp DE now owns 941,252 shares of the financial services provider’s stock valued at $14,561,000 after acquiring an additional 406,888 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of The RMR Group by 139,802.2% during the second quarter. NewEdge Advisors LLC now owns 64,355 shares of the financial services provider’s stock worth $1,321,000 after purchasing an additional 64,309 shares during the last quarter. Globeflex Capital L P purchased a new position in shares of The RMR Group during the second quarter worth about $852,000. Principal Financial Group Inc. purchased a new position in shares of The RMR Group during the first quarter worth about $636,000. Finally, Aviance Capital Partners LLC increased its position in shares of The RMR Group by 41.7% during the first quarter. Aviance Capital Partners LLC now owns 90,134 shares of the financial services provider’s stock worth $1,394,000 after purchasing an additional 26,536 shares in the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

The RMR Group Stock Performance

Shares of RMR stock opened at $15.60 on Tuesday. The firm’s 50 day moving average price is $18.16 and its 200-day moving average price is $18.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.24 and a current ratio of 0.24. The RMR Group has a one year low of $14.73 and a one year high of $21.45. The firm has a market cap of $500.45 million, a P/E ratio of 13.68 and a beta of 1.01.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $153.51 million for the quarter, compared to analysts’ expectations of $147.60 million. The RMR Group had a return on equity of 2.96% and a net margin of 3.10%. As a group, equities research analysts predict that The RMR Group will post 0.63 EPS for the current year.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Monday, October 19th. The RMR Group’s dividend payout ratio (DPR) is 157.89%.

The RMR Group Company Profile

The RMR Group Inc (NASDAQ:RMR) is an alternative asset management and real estate services company based in Newton, Massachusetts. The company provides management services to public and private real estate companies, including real estate investment trusts (REITs), and focuses on managing properties, portfolios and related investments.

RMR’s services include property management, asset management, advisory services, real estate development and other operational support. Its platform covers a range of real estate sectors, including office, healthcare, hospitality, industrial and multifamily properties.