RMR Group Inc (NYSE:RMR) Cut to “Hold” at BidaskClub

BidaskClub downgraded shares of RMR Group Inc (NYSE:RMR) from a buy rating to a hold rating in a report published on Wednesday, October 18th.

Several other equities analysts also recently issued reports on RMR. Canaccord Genuity set a $72.00 price objective on RMR Group and gave the company a buy rating in a research report on Wednesday, August 9th. FBR & Co reiterated a neutral rating and issued a $51.00 price objective (up previously from $50.00) on shares of RMR Group in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded RMR Group from a hold rating to a strong-buy rating and set a $61.00 price objective for the company in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. RMR Group presently has a consensus rating of Buy and a consensus target price of $60.00.

Shares of RMR Group (NYSE RMR) traded up $0.90 on Wednesday, hitting $54.40. 23,049 shares of the stock were exchanged.

RMR Group (NYSE:RMR) last posted its earnings results on Wednesday, August 9th. The financial services provider reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). RMR Group had a return on equity of 18.72% and a net margin of 31.72%. The company had revenue of $55.50 million for the quarter, compared to the consensus estimate of $54.65 million.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, October 23rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.84%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System acquired a new stake in shares of RMR Group in the 1st quarter valued at $208,000. American International Group Inc. grew its stake in shares of RMR Group by 7.1% during the first quarter. American International Group Inc. now owns 4,261 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 281 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of RMR Group during the second quarter worth $211,000. Voya Investment Management LLC acquired a new stake in shares of RMR Group during the second quarter worth $218,000. Finally, Trexquant Investment LP acquired a new stake in shares of RMR Group during the second quarter worth $219,000.

RMR Group Company Profile

The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.

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