RMR Group (RMR) Receives Consensus Rating of “Buy” from Brokerages

RMR Group (NASDAQ:RMR) has been given a consensus rating of “Buy” by the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $69.00.

Several equities research analysts have recently weighed in on RMR shares. B. Riley set a $61.00 price target on RMR Group and gave the stock a “hold” rating in a report on Tuesday, January 23rd. BidaskClub upgraded RMR Group from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research upgraded RMR Group from a “hold” rating to a “strong-buy” rating and set a $69.00 price target on the stock in a report on Wednesday, February 14th.

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Several hedge funds and other institutional investors have recently modified their holdings of RMR. Schwab Charles Investment Management Inc. raised its holdings in shares of RMR Group by 5.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 29,246 shares of the financial services provider’s stock worth $1,502,000 after buying an additional 1,392 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of RMR Group by 17.4% in the third quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock worth $10,291,000 after buying an additional 29,686 shares during the period. California Public Employees Retirement System raised its holdings in shares of RMR Group by 10.2% in the third quarter. California Public Employees Retirement System now owns 19,711 shares of the financial services provider’s stock worth $1,012,000 after buying an additional 1,818 shares during the period. SG Americas Securities LLC purchased a new stake in shares of RMR Group in the fourth quarter worth approximately $131,000. Finally, Chicago Equity Partners LLC grew its stake in RMR Group by 36.0% in the fourth quarter. Chicago Equity Partners LLC now owns 24,465 shares of the financial services provider’s stock worth $1,451,000 after purchasing an additional 6,476 shares in the last quarter. Hedge funds and other institutional investors own 18.56% of the company’s stock.

Shares of RMR stock opened at $78.60 on Friday. RMR Group has a 1 year low of $42.35 and a 1 year high of $83.20. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 20.74 and a beta of -0.20.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 17th. Stockholders of record on Monday, April 30th were issued a $0.25 dividend. 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 payout ratio is 26.39%.

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.