Zacks Investment Research lowered shares of The RMR Group (NASDAQ:RMR) from a strong-buy rating to a hold rating in a research report sent to investors on Saturday morning.

According to Zacks, “The RMR Group Inc. primarily provides management services to publicly owned real estate investment trusts and real estate operating companies. The RMR Group Inc. is headquartered in Newton, MA. “

A number of other analysts also recently issued reports on RMR. B. Riley reaffirmed a neutral rating on shares of The RMR Group in a research note on Wednesday, November 1st. BidaskClub downgraded The RMR Group from a buy rating to a hold rating in a research note on Tuesday, September 26th. Canaccord Genuity set a $68.00 target price on The RMR Group and gave the stock a buy rating in a research note on Tuesday, August 15th. Finally, FBR & Co reaffirmed a neutral rating and issued a $51.00 target price (up from $50.00) on shares of The RMR Group in a research note on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The RMR Group currently has an average rating of Hold and an average price target of $62.00.

Shares of The RMR Group (NASDAQ RMR) opened at $58.05 on Friday. The RMR Group has a 52 week low of $38.55 and a 52 week high of $61.25. The stock has a market capitalization of $1,880.00 and a price-to-earnings ratio of 33.48.

The RMR Group (NASDAQ:RMR) last issued its earnings results on Tuesday, December 12th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.25. The RMR Group had a return on equity of 10.14% and a net margin of 16.44%. research analysts predict that The RMR Group will post 1.6 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, October 23rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, October 20th. The RMR Group’s payout ratio is 36.10%.

Several large investors have recently modified their holdings of RMR. Vanguard Group Inc. increased its position in shares of The RMR Group by 8.7% during the 1st quarter. Vanguard Group Inc. now owns 572,314 shares of the financial services provider’s stock worth $28,330,000 after purchasing an additional 45,603 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of The RMR Group during the 2nd quarter worth about $1,774,000. FMR LLC increased its position in shares of The RMR Group by 114.5% during the 2nd quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock worth $3,018,000 after purchasing an additional 33,115 shares during the last quarter. Seizert Capital Partners LLC increased its position in shares of The RMR Group by 62.9% during the 2nd quarter. Seizert Capital Partners LLC now owns 84,925 shares of the financial services provider’s stock worth $4,132,000 after purchasing an additional 32,792 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of The RMR Group by 26.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 142,451 shares of the financial services provider’s stock worth $7,051,000 after purchasing an additional 29,980 shares during the last quarter. 34.52% of the stock is owned by hedge funds and other institutional investors.

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About The 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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Analyst Recommendations for The RMR Group (NASDAQ:RMR)

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