RMR Group Inc (NYSE:RMR) announced a quarterly dividend on Wednesday, October 12th. Investors of record on Friday, October 21st will be given a dividend of 0.25 per share on Thursday, November 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Wednesday, October 19th.
Shares of RMR Group (NYSE:RMR) opened at 37.52 on Friday. The company has a 50 day moving average of $38.64 and a 200-day moving average of $32.23. The company has a market capitalization of $600.58 million and a P/E ratio of 16.59. RMR Group has a 12-month low of $11.89 and a 12-month high of $40.67.
RMR Group (NYSE:RMR) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The business earned $52.20 million during the quarter, compared to analyst estimates of $41.16 million. On average, equities analysts anticipate that RMR Group will post $1.61 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of RMR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. FBR & Co cut shares of RMR Group from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $31.00 to $39.00 in a research note on Wednesday, August 10th.
About RMR Group
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.
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