The RMR Group Inc. (NASDAQ:RMR) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analyst sentiment is moderately positive: Five brokerages rate The RMR Group a consensus “Moderate Buy,” with three buys and two holds. The average 12-month price target is $21.33, including Maxim Group’s new $26.00 target.
• Quarterly results were mixed: RMR reported $0.15 in earnings per share, slightly below the $0.16 consensus, while revenue of $153.51 million exceeded estimates of $147.60 million.
• The stock offers a high dividend yield: RMR declared a quarterly dividend of $0.45 per share, equivalent to $1.80 annually and a 10.2% yield. However, its 157.89% payout ratio exceeds reported earnings.

Shares of The RMR Group Inc. (NASDAQ:RMR - Get Free Report) have received an average recommendation of "Moderate Buy" from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $21.33.

Several brokerages have recently weighed in on RMR. Maxim Group began coverage on shares of The RMR Group in a research report on Friday. They issued a "buy" rating and a $26.00 price target for the company. Weiss Ratings lowered shares of The RMR Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st.

The RMR Group Stock Performance

Shares of NASDAQ RMR opened at $17.71 on Friday. The stock has a market cap of $568.14 million, a PE ratio of 15.54 and a beta of 1.00. 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 firm has a fifty day moving average price of $19.10 and a 200-day moving average price of $19.02. The RMR Group has a 1 year low of $14.27 and a 1 year high of $21.45.

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

The RMR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, October 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.2%. The RMR Group's dividend payout ratio (DPR) is presently 157.89%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised 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 purchasing an additional 406,888 shares during the last quarter. NewEdge Advisors LLC boosted its stake in The RMR Group by 139,802.2% during the 2nd 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 purchased a new stake in shares of The RMR Group during the second quarter worth $852,000. Principal Financial Group Inc. purchased a new stake in shares of The RMR Group during the first quarter worth $636,000. Finally, Aviance Capital Partners LLC raised its position in shares of The RMR Group by 41.7% in the first quarter. Aviance Capital Partners LLC now owns 90,134 shares of the financial services provider's stock valued at $1,394,000 after buying an additional 26,536 shares during the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

The RMR Group Company Profile

The RMR Group Inc is an alternative asset management company that provides management services to publicly traded and private real estate companies. Its platform supports businesses that own and operate commercial real estate, including office, industrial, healthcare, senior living, hotel, and other property types.

RMR's services include property and asset management, leasing, acquisitions and dispositions, development and redevelopment, construction management, financing support, and strategic planning.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.