RMR Group (RMR) Rating Lowered to Hold at BidaskClub

BidaskClub downgraded shares of RMR Group (NASDAQ:RMR) from a buy rating to a hold rating in a research report report published on Tuesday.

Several other analysts also recently issued reports on RMR. Zacks Investment Research downgraded RMR Group from a buy rating to a hold rating in a research note on Wednesday, November 8th. B. Riley restated a neutral rating on shares of RMR Group in a research note on Wednesday, November 1st. Oppenheimer restated a hold rating on shares of RMR Group in a research note on Tuesday, December 12th. Finally, TheStreet upgraded RMR Group from a c rating to a b- rating in a research note on Tuesday, December 12th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $63.50.

RMR Group (RMR) opened at $58.20 on Tuesday. The firm has a market capitalization of $1,790.00 and a P/E ratio of 22.13. RMR Group has a 1-year low of $42.35 and a 1-year high of $67.90.

RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.11. The business had revenue of $218.54 million during the quarter, compared to the consensus estimate of $206.85 million. RMR Group had a return on equity of 11.27% and a net margin of 15.56%. equities research analysts anticipate that RMR Group will post 1.97 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 29th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 26th. This represents a $1.00 annualized dividend and a yield of 1.72%. RMR Group’s dividend payout ratio (DPR) is presently 38.02%.

Several large investors have recently added to or reduced their stakes in RMR. SG Americas Securities LLC bought a new stake in shares of RMR Group during the 4th quarter valued at $131,000. UBS Asset Management Americas Inc. bought a new stake in shares of RMR Group during the 4th quarter valued at $209,000. Principal Financial Group Inc. bought a new stake in shares of RMR Group during the 2nd quarter valued at $211,000. Voya Investment Management LLC bought a new stake in shares of RMR Group during the 2nd quarter valued at $218,000. Finally, Aperio Group LLC bought a new stake in shares of RMR Group during the 3rd quarter valued at $264,000. Hedge funds and other institutional investors own 34.27% of the company’s stock.

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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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