BidaskClub Downgrades RMR Group (RMR) to Hold

BidaskClub lowered shares of RMR Group (NASDAQ:RMR) from a buy rating to a hold rating in a research note released on Tuesday, February 6th.

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research raised RMR Group from a hold rating to a buy rating and set a $67.00 price objective for the company in a research note on Thursday, January 4th. B. Riley set a $61.00 price objective on RMR Group and gave the stock a hold rating in a research note on Tuesday, January 23rd. Oppenheimer reissued a hold rating on shares of RMR Group in a research note on Tuesday, December 12th. Finally, TheStreet raised RMR Group from a c rating to a b- rating in a research note on Tuesday, December 12th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $62.25.

RMR Group (NASDAQ RMR) opened at $61.05 on Tuesday. RMR Group has a 1 year low of $42.35 and a 1 year high of $67.90. The firm has a market capitalization of $931.73, a price-to-earnings ratio of 32.17 and a beta of -0.51.

RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.11. The business had revenue of $218.54 million during the quarter, compared to analyst estimates of $206.85 million. RMR Group had a return on equity of 10.86% and a net margin of 23.35%. equities research analysts expect that RMR Group will post 2.51 earnings per share for the current year.

The company also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, January 26th. RMR Group’s dividend payout ratio (DPR) is presently 17.99%.

Several institutional investors and hedge funds have recently bought and sold shares of RMR. Engine Capital Management LLC raised its stake in shares of RMR Group by 718.5% during the 4th quarter. Engine Capital Management LLC now owns 89,541 shares of the financial services provider’s stock worth $5,310,000 after purchasing an additional 78,601 shares in the last quarter. Opus Capital Group LLC acquired a new position in shares of RMR Group during the 4th quarter valued at about $3,559,000. Renaissance Technologies LLC increased its holdings in shares of RMR Group by 31.1% during the 4th quarter. Renaissance Technologies LLC now owns 190,900 shares of the financial services provider’s stock valued at $11,320,000 after acquiring an additional 45,300 shares during the last quarter. FMR LLC increased its holdings in shares of RMR Group by 114.5% during the 2nd quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock valued at $3,018,000 after acquiring an additional 33,115 shares during the last quarter. Finally, Capital Analysts LLC increased its holdings in shares of RMR Group by 93,903.1% during the 4th quarter. Capital Analysts LLC now owns 30,081 shares of the financial services provider’s stock valued at $4,534,000 after acquiring an additional 30,049 shares during the last quarter. 34.71% of the stock is owned by institutional investors.

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About RMR Group

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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