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

Key Points

• Analyst sentiment is moderately bullish: Five analysts rate The RMR Group “Moderate Buy,” with three buys and two holds. The average 12-month price target is $21.33 versus the stock’s $17.00 opening price.
• Quarterly results were mixed: RMR reported $0.15 in earnings per share, narrowly missing the $0.16 consensus estimate, while revenue of $153.51 million exceeded expectations of $147.60 million.
• The company offers a high dividend yield: RMR declared a quarterly dividend of $0.45 per share, equivalent to $1.80 annually and a 10.6% yield. However, its dividend payout ratio is elevated at 157.89%.

Shares of The RMR Group Inc. (NASDAQ:RMR - Get Free Report) have earned an average rating of "Moderate Buy" from the five research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $21.33.

RMR has been the topic of a number of research reports. Maxim Group assumed coverage on shares of The RMR Group in a research report on Friday, October 9th. They set a "buy" rating and a $26.00 target price on the stock. Weiss Ratings lowered The RMR Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st.

Institutional Investors Weigh In On The RMR Group

A number of institutional investors and hedge funds have recently bought and sold shares of RMR. Bank of America Corp DE grew its position in shares of The RMR Group by 76.1% during the 1st quarter. Bank of America Corp DE now owns 941,252 shares of the financial services provider's stock worth $14,561,000 after buying an additional 406,888 shares in the last quarter. Flat Footed LLC increased its stake in shares of The RMR Group by 2.4% during the first quarter. Flat Footed LLC now owns 802,739 shares of the financial services provider's stock valued at $12,418,000 after buying an additional 18,776 shares during the period. CWA Asset Management Group LLC increased its stake in shares of The RMR Group by 14.4% during the third quarter. CWA Asset Management Group LLC now owns 112,805 shares of the financial services provider's stock valued at $2,040,000 after buying an additional 14,229 shares during the period. Aviance Capital Partners LLC raised its holdings in shares of The RMR Group by 3.1% in the third quarter. Aviance Capital Partners LLC now owns 92,128 shares of the financial services provider's stock valued at $1,666,000 after acquiring an additional 2,788 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of The RMR Group by 139,802.2% in the second quarter. NewEdge Advisors LLC now owns 64,355 shares of the financial services provider's stock valued at $1,321,000 after acquiring an additional 64,309 shares in the last quarter. 42.31% of the stock is owned by institutional investors.

The RMR Group Trading Up 2.0%

RMR stock opened at $17.00 on Tuesday. The company has a market capitalization of $545.36 million, a PE ratio of 14.91 and a beta of 1.00. The RMR Group has a 12 month low of $14.73 and a 12 month high of $21.45. The firm's 50-day moving average is $18.43 and its 200 day moving average is $18.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.24 and a quick ratio of 0.24.

The RMR Group (NASDAQ:RMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.01). The company had revenue of $153.51 million for the quarter, compared to the consensus estimate of $147.60 million. The RMR Group had a net margin of 3.10% and a return on equity of 2.96%. On average, research analysts anticipate that The RMR Group will post 0.63 EPS for the current year.

The RMR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders 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 10.6%. The ex-dividend date is Monday, October 19th. The RMR Group's dividend payout ratio (DPR) is presently 157.89%.

About The RMR Group

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.

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