The RMR Group (NASDAQ:RMR) Reaches New 12-Month High – What’s Next?

Shares of The RMR Group Inc. (NASDAQ:RMR) reached a new 52-week high during trading on Thursday . The company traded as high as $21.16 and last traded at $21.05, with a volume of 220308 shares traded. The stock had previously closed at $20.53.

Wall Street Analyst Weigh In

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

The RMR Group Trading Up 2.2%

The business’s fifty day moving average is $18.59 and its 200 day moving average is $16.86. The firm has a market capitalization of $685.76 million, a P/E ratio of 17.66 and a beta of 1.05.

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

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Tuesday, April 21st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date was Tuesday, April 21st. The RMR Group’s payout ratio is presently 148.76%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of The RMR Group by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,616,140 shares of the financial services provider’s stock worth $25,422,000 after acquiring an additional 6,439 shares in the last quarter. Nantahala Capital Management LLC increased its position in shares of The RMR Group by 55.9% in the second quarter. Nantahala Capital Management LLC now owns 1,147,902 shares of the financial services provider’s stock worth $18,768,000 after acquiring an additional 411,700 shares in the last quarter. Bank of America Corp DE increased its position in shares of The RMR Group by 76.1% in the first quarter. Bank of America Corp DE now owns 941,252 shares of the financial services provider’s stock worth $14,561,000 after acquiring an additional 406,888 shares in the last quarter. Flat Footed LLC increased its position in shares of The RMR Group by 2.4% in the first quarter. Flat Footed LLC now owns 802,739 shares of the financial services provider’s stock worth $12,418,000 after acquiring an additional 18,776 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of The RMR Group by 12.1% in the fourth quarter. Federated Hermes Inc. now owns 576,628 shares of the financial services provider’s stock worth $8,592,000 after acquiring an additional 62,307 shares in the last quarter. 42.31% of the stock is 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.