RMR Group (RMR) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of RMR Group (NASDAQ:RMR) from a buy rating to a strong-buy rating in a research report report published on Wednesday morning.

A number of other research firms have also recently weighed in on RMR. Zacks Investment Research upgraded shares of RMR Group from a hold rating to a buy rating and set a $74.00 target price on the stock in a research note on Saturday, January 27th. B. Riley set a $61.00 target price on shares of RMR Group and gave the company a hold rating in a research note on Tuesday, January 23rd. TheStreet upgraded shares of RMR Group from a c rating to a b- rating in a research note on Tuesday, December 12th. Finally, Oppenheimer reiterated a hold rating on shares of RMR Group in a research note on Tuesday, December 12th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. RMR Group has an average rating of Buy and an average price target of $62.25.

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RMR stock opened at $65.70 on Wednesday. The firm has a market cap of $2,143.95, a PE ratio of 11.82 and a beta of -0.11. RMR Group has a 52 week low of $42.35 and a 52 week high of $73.05.

RMR Group (NASDAQ:RMR) last released its earnings results on Thursday, February 8th. The financial services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.11. The firm had revenue of $218.54 million for the quarter, compared to analysts’ expectations of $206.85 million. RMR Group had a net margin of 23.35% and a return on equity of 10.86%. analysts expect that RMR Group will post 2.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Monday, January 29th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, January 26th. RMR Group’s payout ratio is currently 17.99%.

Several hedge funds have recently made changes to their positions in RMR. SG Americas Securities LLC purchased a new stake in shares of RMR Group during the 4th quarter valued at approximately $131,000. MetLife Investment Advisors LLC purchased a new stake in shares of RMR Group during the 4th quarter valued at approximately $206,000. UBS Asset Management Americas Inc. purchased a new stake in shares of RMR Group during the 4th quarter valued at approximately $209,000. Two Sigma Investments LP purchased a new stake in shares of RMR Group during the 4th quarter valued at approximately $249,000. Finally, Aperio Group LLC purchased a new stake in shares of RMR Group during the 3rd quarter valued at approximately $264,000. Institutional investors own 17.89% of the company’s stock.

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RMR Group Company Profile

The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.

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