Zacks Investment Research lowered shares of RMR Group Inc (NYSE:RMR) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday.

According to Zacks, “The RMR Group Inc. primarily provides management services to publicly owned real estate investment trusts and real estate operating companies. The RMR Group Inc. is headquartered in Newton, MA. “

Separately, FBR & Co downgraded shares of RMR Group from an outperform rating to a market perform rating and boosted their target price for the company from $31.00 to $39.00 in a research note on Wednesday, August 10th.

RMR Group (NYSE:RMR) opened at 37.77 on Wednesday. The company has a 50-day moving average price of $38.67 and a 200-day moving average price of $32.19. RMR Group has a one year low of $11.89 and a one year high of $40.67. The firm has a market cap of $604.58 million and a PE ratio of 16.70.

RMR Group (NYSE:RMR) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $52.20 million for the quarter, compared to analyst estimates of $41.16 million. Equities analysts predict that RMR Group will post $1.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 17th. Investors of record on Friday, October 21st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, October 19th.

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.

5 Day Chart for NYSE:RMR

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