The RMR Group Inc. (NASDAQ:RMR - Get Free Report)'s share price crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $19.01 and traded as low as $18.14. The RMR Group shares last traded at $18.32, with a volume of 222,327 shares changing hands.
Analysts Set New Price Targets
Several research analysts have issued reports on RMR shares. 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 price objective 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. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.33.
Check Out Our Latest Research Report on The RMR Group
The RMR Group Stock Performance
The stock has a market capitalization of $587.71 million, a price-to-earnings ratio of 16.07 and a beta of 1.00. 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 firm has a fifty day moving average of $19.01 and a 200-day moving average of $19.10.
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 (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $153.51 million for the quarter, compared to analysts' expectations of $147.60 million. The RMR Group had a net margin of 3.10% and a return on equity of 2.96%. As a group, sell-side analysts anticipate that The RMR Group Inc. will post 0.63 EPS for the current year.
The RMR Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders 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 dividend yield of 9.8%. The ex-dividend date is Monday, October 19th. The RMR Group's dividend payout ratio is presently 157.89%.
Hedge Funds Weigh In On The RMR Group
A number of large investors have recently modified their holdings of RMR. Triumph Capital Management increased its holdings in The RMR Group by 117.7% in the 2nd quarter. Triumph Capital Management now owns 3,052 shares of the financial services provider's stock valued at $63,000 after purchasing an additional 1,650 shares in the last quarter. State of Wyoming acquired a new position in shares of The RMR Group in the 1st quarter valued at approximately $137,000. DGS Capital Management LLC purchased a new position in shares of The RMR Group during the 1st quarter valued at approximately $184,000. First Trust Advisors LP boosted its stake in shares of The RMR Group by 19.1% during the 1st quarter. First Trust Advisors LP now owns 13,411 shares of the financial services provider's stock valued at $207,000 after buying an additional 2,147 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in shares of The RMR Group by 111.6% during the 1st quarter. Ritholtz Wealth Management now owns 22,302 shares of the financial services provider's stock valued at $345,000 after buying an additional 11,763 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
(
Get Free Report)
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.
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