RMR Group Inc (RMR) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. raised its position in RMR Group Inc (NYSE:RMR) by 44.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,870 shares of the financial services provider’s stock after purchasing an additional 7,351 shares during the quarter. Goldman Sachs Group Inc. owned 0.15% of RMR Group worth $1,161,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Board of Administration of Florida Retirement System acquired a new position in shares of RMR Group in the first quarter worth $208,000. American International Group Inc. grew its stake 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 worth $211,000 after acquiring an additional 281 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of RMR Group in the second quarter worth $211,000. Voya Investment Management LLC acquired a new position in shares of RMR Group in the second quarter worth $218,000. Finally, Trexquant Investment LP acquired a new position in shares of RMR Group in the second quarter worth $219,000.
RMR Group Inc (NYSE:RMR) opened at $53.50 on Friday.
RMR Group (NYSE:RMR) last issued its earnings results on Wednesday, August 9th. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The firm had revenue of $55.50 million for the quarter, compared to analyst estimates of $54.65 million. RMR Group had a return on equity of 18.72% and a net margin of 31.72%.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, October 23rd will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%.
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Several equities analysts have commented on RMR shares. BidaskClub upgraded shares of RMR Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 12th. FBR & Co restated a “neutral” rating and issued a $51.00 price target (up previously from $50.00) on shares of RMR Group in a research note on Monday, October 2nd. Canaccord Genuity set a $68.00 price target on shares of RMR Group and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Finally, Zacks Investment Research downgraded shares of RMR Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $60.00.
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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