The RMR Group Inc. (NASDAQ:RMR) Stock Has Average Price Target of $21.33

The RMR Group Inc. (NASDAQ:RMR) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $21.33.

A number of research analysts recently weighed in on the company. Weiss Ratings lowered The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Maxim Group initiated coverage on shares of The RMR Group in a research report on Friday, October 9th. They issued a “buy” rating and a $26.00 price objective on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in The RMR Group by 76.1% in the 1st quarter. Bank of America Corp DE now owns 941,252 shares of the financial services provider’s stock valued at $14,561,000 after purchasing an additional 406,888 shares during the period. NewEdge Advisors LLC lifted its stake in The RMR Group by 139,802.2% during the second quarter. NewEdge Advisors LLC now owns 64,355 shares of the financial services provider’s stock worth $1,321,000 after purchasing an additional 64,309 shares during the last quarter. Globeflex Capital L P acquired a new position in shares of The RMR Group during the second quarter worth $852,000. Aviance Capital Partners LLC grew its holdings in The RMR Group by 41.7% during the 1st quarter. Aviance Capital Partners LLC now owns 90,134 shares of the financial services provider’s stock worth $1,394,000 after acquiring an additional 26,536 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of The RMR Group in the first quarter worth $636,000. 42.31% of the stock is owned by institutional investors and hedge funds.

The RMR Group Price Performance

NASDAQ:RMR opened at $15.75 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $18.09 and its two-hundred day moving average price is $18.28. The firm has a market capitalization of $505.26 million, a price-to-earnings ratio of 24.56 and a beta of 1.01. The RMR Group has a 12-month low of $14.73 and a 12-month high of $21.45.

The RMR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend is Monday, October 19th. The RMR Group’s dividend payout ratio (DPR) is presently 157.89%.

The RMR Group Company Profile

The RMR Group Inc (NASDAQ:RMR) is an alternative asset management and real estate services company based in Newton, Massachusetts. The company provides management services to public and private real estate companies, including real estate investment trusts (REITs), and focuses on managing properties, portfolios and related investments.

RMR’s services include property management, asset management, advisory services, real estate development and other operational support. Its platform covers a range of real estate sectors, including office, healthcare, hospitality, industrial and multifamily properties.