The RMR Group (NASDAQ:RMR) Reaches New 1-Year High – Should You Buy?

Shares of The RMR Group Inc. (NASDAQ:RMR) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.42 and last traded at $20.37, with a volume of 11699 shares. The stock had previously closed at $20.19.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Zacks Research upgraded The RMR Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. B. Riley Financial decreased their price objective on shares of The RMR Group from $24.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Finally, Weiss Ratings raised shares of The RMR Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, The RMR Group currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

The RMR Group Stock Performance

The company has a market capitalization of $649.98 million, a P/E ratio of 16.66 and a beta of 1.03. The company’s fifty day simple moving average is $17.51 and its 200-day simple moving average is $16.48.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $145.63 million during the quarter, compared to the consensus estimate of $171.44 million. The RMR Group had a net margin of 3.23% and a return on equity of 3.44%. On average, sell-side analysts predict that The RMR Group Inc. will post 0.69 EPS for the current year.

The RMR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st were issued a $0.45 dividend. The ex-dividend date was Tuesday, April 21st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.9%. The RMR Group’s dividend payout ratio (DPR) is currently 148.76%.

Institutional Investors Weigh In On The RMR Group

A number of hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new stake in shares of The RMR Group in the third quarter worth $801,000. State of Alaska Department of Revenue acquired a new position in The RMR Group during the fourth quarter valued at $41,000. Harbor Capital Advisors Inc. boosted its holdings in The RMR Group by 11.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,337 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 1,345 shares during the last quarter. CWA Asset Management Group LLC grew its position in The RMR Group by 17.2% during the 4th quarter. CWA Asset Management Group LLC now owns 71,296 shares of the financial services provider’s stock worth $1,062,000 after purchasing an additional 10,439 shares during the period. Finally, Commons Capital LLC raised its stake in shares of The RMR Group by 7.8% during the 4th quarter. Commons Capital LLC now owns 69,311 shares of the financial services provider’s stock valued at $1,033,000 after buying an additional 5,000 shares during the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

The RMR Group Company Profile

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.