RMR Group (RMR) Getting Somewhat Favorable News Coverage, Study Shows
News coverage about RMR Group (NYSE:RMR) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RMR Group earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.8023857495143 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several equities analysts have recently issued reports on RMR shares. Zacks Investment Research lowered shares of RMR Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Canaccord Genuity set a $68.00 price target on shares of RMR Group and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, FBR & Co reissued a “mkt perform” rating and issued a $48.00 price target (up previously from $44.00) on shares of RMR Group in a report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. RMR Group has an average rating of “Hold” and an average price target of $58.00.
RMR Group (RMR) opened at 50.35 on Thursday. RMR Group has a 52 week low of $33.90 and a 52 week high of $55.10. The company has a 50-day moving average of $48.82 and a 200-day moving average of $49.90. The firm has a market capitalization of $810.33 million and a price-to-earnings ratio of 18.20.
RMR Group (NYSE:RMR) last issued its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $55.50 million during the quarter, compared to the consensus estimate of $54.65 million. RMR Group had a return on equity of 18.72% and a net margin of 31.72%. On average, equities analysts forecast that RMR Group will post $2.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, July 24th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, July 20th.
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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