RMR Group (RMR) Getting Somewhat Favorable Press Coverage, Analysis Shows
Media stories about RMR Group (NYSE:RMR) have been trending somewhat positive recently, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RMR Group earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.522879568405 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- US IPO Week Ahead: A unicorn hunter takes aim at $500 million in a week with 2 IPOs (nasdaq.com)
- RMR Group, Inc. breached its 50 day moving average in a Bearish Manner : RMR-US : September 8, 2017 (finance.yahoo.com)
- RMR Group Inc (RMR) Expected to Post Quarterly Sales of $57.62 Million (americanbankingnews.com)
- Tremont Mortgage Trust sets terms for $90 million IPO (nasdaq.com)
RMR Group (RMR) opened at 49.25 on Tuesday. The stock’s 50 day moving average is $48.91 and its 200-day moving average is $49.94. The firm has a market capitalization of $792.63 million and a PE ratio of 17.80. RMR Group has a 52-week low of $33.90 and a 52-week high of $55.10.
RMR Group (NYSE:RMR) last announced its earnings results on Wednesday, August 9th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $55.50 million for the quarter, compared to the consensus estimate of $54.65 million. RMR Group had a return on equity of 18.72% and a net margin of 31.72%. Equities analysts expect that RMR Group will post $2.78 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, July 24th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, July 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.03%.
A number of brokerages have weighed in on RMR. Canaccord Genuity set a $68.00 price target on shares of RMR Group and gave the company a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research cut shares of RMR Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $58.00.
About RMR Group
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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