Trade Report: The RMR Group Inc (RMR) Lowered to Hold at Zacks Investment Research

The RMR Group Inc (RMR) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of RMR Group Inc (NYSE:RMR) from a strong-buy rating to a hold rating in a research note released on Wednesday morning.

According to Zacks, “The RMR Group Inc. primarily provides management services to publicly owned real estate investment trusts and real estate operating companies. The RMR Group Inc. is headquartered in Newton, MA. “

Separately, FBR & Co downgraded shares of RMR Group from an outperform rating to a market perform rating and upped their price objective for the stock from $31.00 to $39.00 in a research report on Wednesday, August 10th.

RMR Group (NYSE:RMR) opened at 38.01 on Wednesday. RMR Group has a 1-year low of $11.89 and a 1-year high of $40.67. The stock has a market capitalization of $608.43 million and a P/E ratio of 16.80. The stock has a 50 day moving average of $38.58 and a 200 day moving average of $32.52.

RMR Group (NYSE:RMR) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The business earned $52.20 million during the quarter, compared to analysts’ expectations of $41.16 million. On average, analysts expect that RMR Group will post $1.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Friday, October 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.63%.

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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