RMR Group Inc (NASDAQ:RMR) announced a quarterly dividend on Thursday, October 15th, Zacks reports. Investors of record on Monday, October 26th will be given a dividend of 0.38 per share by the financial services provider on Thursday, November 19th. This represents a $1.52 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Friday, October 23rd.
RMR Group has increased its dividend payment by 78.9% over the last three years and has increased its dividend every year for the last 2 years.
Shares of RMR Group stock opened at $29.20 on Friday. The firm has a market capitalization of $914.40 million, a price-to-earnings ratio of 15.45 and a beta of 1.23. RMR Group has a fifty-two week low of $21.79 and a fifty-two week high of $49.99. The stock has a 50 day moving average of $29.14 and a 200 day moving average of $28.96.
RMR has been the subject of several analyst reports. Zacks Investment Research upgraded RMR Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Oppenheimer initiated coverage on RMR Group in a research report on Friday, August 7th. They issued a “hold” rating for the company. Citigroup increased their price objective on RMR Group from $28.00 to $31.50 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. ValuEngine lowered RMR Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 1st. Finally, BidaskClub upgraded RMR Group from a “sell” rating to a “hold” rating in a research report on Friday, September 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.07.
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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