RMR Group (RMR) Cut to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of RMR Group (NASDAQ:RMR) from a sell rating to a strong sell rating in a report published on Tuesday, May 7th, ValuEngine reports.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded RMR Group from a buy rating to a hold rating in a research note on Wednesday, April 17th. B. Riley upped their price target on RMR Group to $91.00 and gave the stock a buy rating in a research note on Tuesday, January 15th. BidaskClub raised RMR Group from a sell rating to a hold rating in a research note on Wednesday, February 20th. Finally, TheStreet raised RMR Group from a c+ rating to a b rating in a research note on Friday, January 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. RMR Group has a consensus rating of Hold and a consensus target price of $76.00.

Shares of RMR Group stock traded down $0.11 during trading on Tuesday, reaching $49.94. 57,855 shares of the company’s stock were exchanged, compared to its average volume of 58,599. The stock has a market capitalization of $1.58 billion, a P/E ratio of 21.43 and a beta of 1.17. RMR Group has a 1-year low of $48.38 and a 1-year high of $98.00.

RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Friday, May 10th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). RMR Group had a return on equity of 16.42% and a net margin of 14.31%. The firm had revenue of $130.10 million for the quarter, compared to the consensus estimate of $141.12 million. As a group, research analysts anticipate that RMR Group will post 4.84 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, April 29th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, April 26th. RMR Group’s payout ratio is currently 60.09%.

Several hedge funds have recently modified their holdings of the stock. Marshall Wace LLP raised its position in RMR Group by 80.7% during the first quarter. Marshall Wace LLP now owns 96,733 shares of the financial services provider’s stock valued at $5,899,000 after purchasing an additional 43,212 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in RMR Group during the first quarter valued at about $212,000. Zebra Capital Management LLC raised its position in RMR Group by 18.7% during the first quarter. Zebra Capital Management LLC now owns 5,191 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 818 shares in the last quarter. Man Group plc purchased a new stake in RMR Group during the first quarter valued at about $270,000. Finally, SEI Investments Co raised its position in RMR Group by 59.8% during the first quarter. SEI Investments Co now owns 6,136 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 2,295 shares in the last quarter. Institutional investors own 17.89% of the company’s stock.

About RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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