Equities researchers at JMP Securities started coverage on shares of RMR Group Inc (NYSE:RMR) in a report released on Wednesday, The Fly reports. The firm set a “market perform” rating on the stock.
RMR has been the topic of several other research reports. Zacks Investment Research raised shares of RMR Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Friday, August 12th. FBR & Co cut shares of RMR Group from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $31.00 to $39.00 in a research note on Wednesday, August 10th.
RMR Group (NYSE:RMR) opened at 37.85 on Wednesday. RMR Group has a 1-year low of $11.89 and a 1-year high of $40.67. The stock has a market cap of $605.86 million and a P/E ratio of 16.73. The company has a 50-day moving average of $38.55 and a 200 day moving average of $32.62.
RMR Group (NYSE:RMR) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The company earned $52.20 million during the quarter, compared to analysts’ expectations of $41.16 million. Analysts predict that RMR Group will post $1.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Shareholders of record on Friday, October 21st will be paid a $0.25 dividend. The ex-dividend date is Wednesday, October 19th. This represents a $1.00 annualized dividend and a yield of 2.64%.
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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