RMR Group (RMR) Raised to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of RMR Group (NASDAQ:RMR) from a hold rating to a buy rating in a research report report published on Thursday, January 4th. The firm currently has $67.00 price target on the financial services provider’s stock.
According to Zacks, “The RMR Group Inc. primarily provides management services to publicly owned real estate investment trusts and real estate operating companies. The RMR Group Inc. is headquartered in Newton, MA. “
Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of RMR Group from a strong-buy rating to a buy rating in a research report on Thursday, January 4th. Oppenheimer reaffirmed a hold rating on shares of RMR Group in a research report on Tuesday, December 12th. TheStreet raised shares of RMR Group from a c rating to a b- rating in a research report on Tuesday, December 12th. FBR & Co reissued a neutral rating and set a $51.00 price target (up from $50.00) on shares of RMR Group in a research report on Monday, October 2nd. Finally, B. Riley reissued a neutral rating on shares of RMR Group in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $63.50.
RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Tuesday, December 12th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.12. RMR Group had a net margin of 15.56% and a return on equity of 11.27%. equities analysts expect that RMR Group will post 1.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 29th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.54%. RMR Group’s payout ratio is 38.02%.
Institutional investors have recently added to or reduced their stakes in the stock. Old Mutual Global Investors UK Ltd. grew its stake in RMR Group by 236.4% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 16,715 shares of the financial services provider’s stock valued at $813,000 after acquiring an additional 11,746 shares during the period. Dupont Capital Management Corp acquired a new stake in RMR Group in the 3rd quarter valued at $293,000. Cornerstone Capital Management Holdings LLC. grew its stake in RMR Group by 5.2% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 56,738 shares of the financial services provider’s stock valued at $2,759,000 after acquiring an additional 2,800 shares during the period. Vanguard Group Inc. grew its stake in RMR Group by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 581,943 shares of the financial services provider’s stock valued at $28,312,000 after acquiring an additional 9,629 shares during the period. Finally, Seizert Capital Partners LLC grew its stake in RMR Group by 13.4% in the 3rd quarter. Seizert Capital Partners LLC now owns 96,342 shares of the financial services provider’s stock valued at $4,947,000 after acquiring an additional 11,417 shares during the period. 34.27% of the stock is currently owned by hedge funds and other institutional investors.
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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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