The RMR Group (RMR) Upgraded at TheStreet

TheStreet upgraded shares of The RMR Group (NASDAQ:RMR) from a c rating to a b- rating in a report published on Tuesday.

Other research analysts have also issued reports about the stock. B. Riley restated a neutral rating on shares of The RMR Group in a report on Wednesday, November 1st. Oppenheimer restated a hold rating on shares of The RMR Group in a report on Tuesday. Zacks Investment Research lowered shares of The RMR Group from a strong-buy rating to a hold rating in a report on Saturday, December 9th. BidaskClub lowered shares of The RMR Group from a strong-buy rating to a buy rating in a report on Wednesday, December 6th. Finally, FBR & Co restated a neutral rating and issued a $51.00 price objective (up from $50.00) on shares of The RMR Group in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $60.25.

The RMR Group (RMR) opened at $58.90 on Tuesday. The RMR Group has a 1-year low of $38.55 and a 1-year high of $61.25. The company has a market cap of $876.24, a price-to-earnings ratio of 32.98 and a beta of -0.71.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, October 23rd were paid a $0.25 dividend. The ex-dividend date was Friday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.70%. The RMR Group’s payout ratio is 38.02%.

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. bought a new position in shares of The RMR Group in the 2nd quarter worth about $211,000. Voya Investment Management LLC bought a new position in shares of The RMR Group in the 2nd quarter worth about $218,000. Trexquant Investment LP bought a new position in shares of The RMR Group in the 2nd quarter worth about $219,000. OMERS ADMINISTRATION Corp bought a new position in shares of The RMR Group in the 2nd quarter worth about $248,000. Finally, Bank of America Corp DE increased its stake in shares of The RMR Group by 1.2% in the 1st quarter. Bank of America Corp DE now owns 5,027 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 34.52% of the company’s stock.

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The 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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