RMR Group Inc (RMR) Declares $0.25 Quarterly Dividend
RMR Group Inc (NYSE:RMR) announced a quarterly dividend on Wednesday, October 12th. Shareholders 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 yield of 2.65%. The ex-dividend date is Wednesday, October 19th.
RMR Group (NYSE:RMR) traded up 1.04% during midday trading on Wednesday, reaching $37.77. 21,734 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $38.70 and a 200 day moving average price of $32.15. RMR Group has a 52 week low of $11.89 and a 52 week high of $40.67. The company has a market cap of $604.58 million and a price-to-earnings ratio of 16.70.
RMR Group (NYSE:RMR) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The company earned $52.20 million during the quarter, compared to the consensus estimate of $41.16 million. Analysts anticipate that RMR Group will post $1.61 EPS for the current year.
Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of RMR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. FBR & Co lowered shares of RMR Group from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $31.00 to $39.00 in a research note on Wednesday, August 10th.
RMR Group Company Profile
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.
Receive News & Stock Ratings for RMR Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RMR Group Inc and related stocks with our FREE daily email newsletter.