The RMR Group (NASDAQ:RMR) Reaches New 52-Week Low at $25.02

The RMR Group Inc. (NASDAQ:RMRGet Rating)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $25.02 and last traded at $25.02, with a volume of 462 shares. The stock had previously closed at $25.45.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com raised The RMR Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Oppenheimer reiterated a “market perform” rating on shares of The RMR Group in a report on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, The RMR Group presently has an average rating of “Hold” and an average price target of $36.00.

The RMR Group Stock Down 2.1 %

The firm has a fifty day simple moving average of $27.46 and a 200-day simple moving average of $28.51. The company has a market capitalization of $784.73 million, a P/E ratio of 11.78 and a beta of 1.50.

The RMR Group (NASDAQ:RMRGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.59. The RMR Group had a return on equity of 10.04% and a net margin of 4.66%. The business had revenue of $211.09 million during the quarter, compared to the consensus estimate of $181.91 million. On average, sell-side analysts predict that The RMR Group Inc. will post 2.12 earnings per share for the current fiscal year.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Monday, July 25th were paid a $0.40 dividend. The ex-dividend date was Friday, July 22nd. This represents a $1.60 annualized dividend and a dividend yield of 6.42%. The RMR Group’s payout ratio is 74.07%.

Institutional Investors Weigh In On The RMR Group

Several hedge funds have recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in The RMR Group during the 2nd quarter worth about $34,000. Amalgamated Bank acquired a new position in shares of The RMR Group in the 1st quarter valued at about $60,000. Lazard Asset Management LLC lifted its stake in shares of The RMR Group by 120.9% in the 2nd quarter. Lazard Asset Management LLC now owns 2,244 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 1,228 shares during the period. O Shaughnessy Asset Management LLC increased its position in The RMR Group by 8.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,923 shares of the financial services provider’s stock valued at $205,000 after buying an additional 470 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in The RMR Group by 58.7% in the 1st quarter. MetLife Investment Management LLC now owns 7,468 shares of the financial services provider’s stock valued at $232,000 after buying an additional 2,762 shares in the last quarter. Institutional investors and hedge funds own 40.65% of the company’s stock.

About The RMR Group

(Get Rating)

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. The company provides management services to its four publicly traded real estate investment trusts and three real estate operating companies. It also provides investment advisory services.

Further Reading

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