B. Riley Analysts Give RMR Group (RMR) a $88.00 Price Target

B. Riley set a $88.00 price target on RMR Group (NASDAQ:RMR) in a research report released on Monday. The firm currently has a hold rating on the financial services provider’s stock.

RMR has been the subject of several other reports. BidaskClub downgraded RMR Group from a strong-buy rating to a buy rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded RMR Group from a hold rating to a buy rating and set a $74.00 price target for the company in a research note on Saturday, January 27th. Finally, ValuEngine upgraded RMR Group from a hold rating to a buy rating in a research note on Wednesday, May 2nd. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $73.00.

Shares of RMR Group traded down $0.15, reaching $78.95, during mid-day trading on Monday, MarketBeat.com reports. 10 shares of the company traded hands, compared to its average volume of 50,129. The company has a market cap of $2.46 billion, a PE ratio of 20.86 and a beta of -0.20. RMR Group has a 52 week low of $76.65 and a 52 week high of $77.95.

RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Thursday, May 10th. The financial services provider reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.04). RMR Group had a return on equity of 10.30% and a net margin of 23.43%. The business had revenue of $59.28 million during the quarter, compared to the consensus estimate of $60.58 million. research analysts predict that RMR Group will post 2.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Stockholders of record on Monday, April 30th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, April 27th. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. RMR Group’s dividend payout ratio (DPR) is 26.39%.

Several institutional investors and hedge funds have recently modified their holdings of RMR. Wells Fargo & Company MN raised its holdings in shares of RMR Group by 23.0% during the 3rd quarter. Wells Fargo & Company MN now owns 41,599 shares of the financial services provider’s stock worth $2,137,000 after acquiring an additional 7,783 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of RMR Group by 5.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 29,246 shares of the financial services provider’s stock worth $1,502,000 after acquiring an additional 1,392 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of RMR Group by 17.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock worth $10,291,000 after acquiring an additional 29,686 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of RMR Group by 10.2% during the 3rd quarter. California Public Employees Retirement System now owns 19,711 shares of the financial services provider’s stock worth $1,012,000 after acquiring an additional 1,818 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of RMR Group during the 4th quarter worth approximately $131,000. 18.56% of the stock is currently owned by institutional investors and hedge funds.

About RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2017, the company had approximately 1,400 properties under management, which are primarily owned by its Managed Equity REITs.

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