RMR Group Inc (RMR) Receives New Coverage from Analysts at JMP Securities
RMR has been the topic of several other research reports. Zacks Investment Research upgraded shares of RMR Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Friday, August 12th. FBR & Co downgraded shares of RMR Group from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $31.00 to $39.00 in a research note on Wednesday, August 10th.
RMR Group (NYSE:RMR) opened at 37.85 on Wednesday. RMR Group has a one year low of $11.89 and a one year high of $40.67. The company has a market capitalization of $605.86 million and a P/E ratio of 16.73. The firm has a 50-day moving average of $38.55 and a 200 day moving average of $32.62.
RMR Group (NYSE:RMR) last issued its earnings results on Tuesday, August 9th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The firm earned $52.20 million during the quarter, compared to the consensus estimate of $41.16 million. On average, equities analysts forecast that RMR Group will post $1.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders 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 2.64%. The ex-dividend date 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.
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