Bessemer Group Inc. Has $739,000 Stake in RMR Group Inc (RMR)
Bessemer Group Inc. continued to hold its position in shares of RMR Group Inc (NYSE:RMR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,200 shares of the financial services provider’s stock at the end of the second quarter. Bessemer Group Inc.’s holdings in RMR Group were worth $739,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System purchased a new position in shares of RMR Group during the first quarter valued at about $208,000. American International Group Inc. boosted its position in shares of RMR Group by 7.1% in the first quarter. American International Group Inc. now owns 4,261 shares of the financial services provider’s stock valued at $211,000 after buying an additional 281 shares during the period. Wedbush Securities Inc. purchased a new position in shares of RMR Group during the first quarter valued at about $216,000. Old Mutual Global Investors UK Ltd. purchased a new position in shares of RMR Group during the first quarter valued at about $245,000. Finally, Bank of America Corp DE boosted its position in shares of RMR Group by 1.2% in the first quarter. Bank of America Corp DE now owns 5,027 shares of the financial services provider’s stock valued at $249,000 after buying an additional 59 shares during the period.
RMR Group Inc (RMR) opened at 47.40 on Thursday. The company’s 50-day moving average price is $49.03 and its 200 day moving average price is $49.92. RMR Group Inc has a 52 week low of $33.90 and a 52 week high of $55.10. The company has a market capitalization of $762.86 million and a PE ratio of 17.13.
RMR Group (NYSE:RMR) last announced its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $55.50 million during the quarter, compared to analyst estimates of $54.65 million. RMR Group had a net margin of 32.69% and a return on equity of 19.25%. On average, equities research analysts anticipate that RMR Group Inc will post $2.80 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, July 24th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.11%. The ex-dividend date is Thursday, July 20th.
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Several equities analysts recently issued reports on the company. Canaccord Genuity set a $72.00 price objective on RMR Group and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut RMR Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, FBR & Co restated a “mkt perform” rating and set a $48.00 price objective (up from $44.00) on shares of RMR Group in a research note on Friday, May 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $58.00.
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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