The RMR Group’s (RMR) “Hold” Rating Reaffirmed at Oppenheimer
Oppenheimer restated their hold rating on shares of The RMR Group (NASDAQ:RMR) in a research report sent to investors on Tuesday. Oppenheimer also issued estimates for The RMR Group’s Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.46 EPS, Q2 2019 earnings at $0.48 EPS and Q3 2019 earnings at $0.50 EPS.
A number of other equities research analysts have also issued reports on RMR. B. Riley reaffirmed a neutral rating on shares of The RMR Group in a report on Wednesday, November 1st. BidaskClub lowered shares of The RMR Group from a buy rating to a hold rating in a report on Tuesday, September 26th. Canaccord Genuity set a $68.00 price objective on shares of The RMR Group and gave the company a buy rating in a report on Tuesday, August 15th. Zacks Investment Research raised shares of The RMR Group from a hold rating to a strong-buy rating and set a $67.00 price objective for the company in a report on Friday, December 8th. Finally, FBR & Co reaffirmed a neutral rating and set a $51.00 price objective (up from $50.00) on shares of The RMR Group in a report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $60.25.
The RMR Group (RMR) traded down $2.55 during trading on Tuesday, reaching $58.05. 74,900 shares of the company traded hands, compared to its average volume of 39,778. The RMR Group has a one year low of $38.55 and a one year high of $61.25. The stock has a market cap of $914.73, a price-to-earnings ratio of 34.04 and a beta of -0.71.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, October 23rd were given a $0.25 dividend. The ex-dividend date was Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.72%. The RMR Group’s dividend payout ratio is presently 35.97%.
Several large investors have recently added to or reduced their stakes in RMR. Principal Financial Group Inc. bought a new stake in shares of The RMR Group during the second quarter worth $211,000. Voya Investment Management LLC bought a new stake in shares of The RMR Group during the second quarter worth $218,000. Trexquant Investment LP bought a new stake in shares of The RMR Group during the second quarter worth $219,000. OMERS ADMINISTRATION Corp bought a new stake in shares of The RMR Group during the second quarter worth $248,000. Finally, Bank of America Corp DE lifted its position in shares of The RMR Group by 1.2% during the first quarter. Bank of America Corp DE now owns 5,027 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 34.52% of the company’s stock.
The 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.
Receive News & Ratings for The RMR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The RMR Group and related companies with MarketBeat.com's FREE daily email newsletter.