The RMR Group (NASDAQ:RMR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of The RMR Group (NASDAQ:RMR) from a sell rating to a hold rating in a report published on Monday.

Other research analysts have also recently issued reports about the stock. Zacks Research cut shares of The RMR Group from a “hold” rating to a “strong sell” rating in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of The RMR Group in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $24.00.

The RMR Group Trading Up 0.7%

RMR opened at $15.13 on Monday. The stock has a market capitalization of $485.07 million, a price-to-earnings ratio of 14.41 and a beta of 0.97. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.05. The RMR Group has a twelve month low of $13.48 and a twelve month high of $20.97. The company has a 50-day simple moving average of $15.28 and a 200 day simple moving average of $16.05.

The RMR Group (NASDAQ:RMR) last released its earnings results on Wednesday, November 12th. The financial services provider reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $152.23 million for the quarter, compared to analyst estimates of $210.10 million. The RMR Group had a net margin of 2.48% and a return on equity of 4.60%. Analysts predict that The RMR Group will post 1.51 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, October 27th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend was Monday, October 27th. The RMR Group’s dividend payout ratio is 171.43%.

Insider Transactions at The RMR Group

In other news, major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of the stock in a transaction on Thursday, December 11th. The shares were acquired at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the purchase, the insider directly owned 4,577,835 shares of the company’s stock, valued at $39,598,272.75. This trade represents a 78.68% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 54.85% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The RMR Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its position in The RMR Group by 313.1% during the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,124 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of The RMR Group by 538.5% during the 3rd quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,400 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of The RMR Group by 1,307.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,773 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,647 shares during the last quarter. Quarry LP bought a new stake in shares of The RMR Group during the 3rd quarter worth $36,000. Finally, AlphaQuest LLC grew its position in The RMR Group by 131.3% in the first quarter. AlphaQuest LLC now owns 2,406 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 1,366 shares in the last quarter. 42.31% of the stock is owned by hedge funds and other institutional investors.

About The RMR Group

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.