The RMR Group (NASDAQ:RMR) Stock Rated “Buy” in New Coverage at Maxim Group

Maxim Group began coverage on shares of The RMR Group (NASDAQ:RMR) in a research report sent to investors on Friday, Marketbeat reports. The firm issued a buy rating and a $26.00 price objective on the financial services provider’s stock.

Separately, Weiss Ratings cut shares of The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

The RMR Group Stock Performance

Shares of NASDAQ RMR opened at $17.71 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a 50 day moving average price of $19.07 and a 200 day moving average price of $19.03. The stock has a market capitalization of $568.14 million, a PE ratio of 15.54 and a beta of 1.00. The RMR Group has a 52 week low of $14.27 and a 52 week high of $21.45.

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

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Monday, October 19th. The RMR Group’s dividend payout ratio is presently 157.89%.

Hedge Funds Weigh In On The RMR Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Triumph Capital Management grew its holdings in The RMR Group by 117.7% during the second quarter. Triumph Capital Management now owns 3,052 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 1,650 shares during the period. State of Wyoming acquired a new position in The RMR Group during the first quarter worth approximately $137,000. DGS Capital Management LLC bought a new stake in The RMR Group in the first quarter valued at approximately $184,000. First Trust Advisors LP raised its stake in The RMR Group by 19.1% in the first 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 period. Finally, Ritholtz Wealth Management raised its stake in The RMR Group by 111.6% in the first 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 period. Institutional investors own 42.31% of the company’s stock.

About The RMR Group

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.