Research analysts at William Blair started coverage on shares of RMR Group Inc (NYSE:RMR) in a research report issued to clients and investors on Tuesday. The firm set an “outperform” rating on the stock.
RMR has been the topic of several other research reports. Zacks Investment Research cut shares of RMR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 12th. JMP Securities assumed coverage on shares of RMR Group in a report on Wednesday, October 19th. They set a “market perform” rating on the stock. Finally, FBR & Co reissued a “market perform” rating and set a $43.00 price objective (up previously from $39.00) on shares of RMR Group in a report on Wednesday, December 21st.
Shares of RMR Group (NYSE:RMR) opened at 42.15 on Tuesday. The stock has a 50 day moving average of $40.89 and a 200 day moving average of $37.87. RMR Group has a 12-month low of $18.52 and a 12-month high of $44.85. The stock has a market capitalization of $677.86 million and a P/E ratio of 18.11.
RMR Group (NYSE:RMR) last issued its earnings results on Thursday, December 15th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01. Equities research analysts anticipate that RMR Group will post $2.32 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 21st. Shareholders of record on Monday, January 23rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.37%.
Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. boosted its position in shares of RMR Group by 1,690,000.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 33,802 shares of the company’s stock worth $1,282,000 after buying an additional 33,800 shares during the last quarter. Panagora Asset Management Inc. boosted its position in shares of RMR Group by 12.4% in the third quarter. Panagora Asset Management Inc. now owns 58,369 shares of the company’s stock worth $2,215,000 after buying an additional 6,417 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of RMR Group during the third quarter worth approximately $220,000. HighVista Strategies LLC acquired a new position in shares of RMR Group during the third quarter worth approximately $1,337,000. Finally, Acrospire Investment Management LLC boosted its position in shares of RMR Group by 189.5% in the third quarter. Acrospire Investment Management LLC now owns 3,129 shares of the company’s stock worth $119,000 after buying an additional 2,048 shares during the last quarter.
RMR Group Company Profile
The RMR Group Inc, formerly Reit Management & Research Inc, is a holding company. The Company holds interests in and is the managing member of The RMR Group LLC (RMR LLC). The Company’s business primarily consists of providing management services to four real estate investment trusts (REITs), namely, Government Properties Income Trust (GOV), Hospitality Properties Trust (HPT), Select Income REIT (SIR) and Senior Housing Properties Trust, and three real estate operating companies, namely, Five Star Quality Care, Inc (Five Star), Sonesta International Hotels Corporation and TravelCenters of America LLC.