RMR Group Inc (RMR) to Issue Quarterly Dividend of $0.38 on November 19th

RMR Group Inc (NASDAQ:RMR) declared a quarterly dividend on Thursday, October 15th, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend is Friday, October 23rd.

RMR Group has increased its dividend by 78.9% over the last three years and has increased its dividend annually for the last 2 consecutive years.

Shares of NASDAQ:RMR opened at $29.20 on Friday. RMR Group has a 1-year low of $21.79 and a 1-year high of $49.99. The business has a fifty day moving average price of $29.14 and a 200-day moving average price of $28.96. The company has a market capitalization of $914.40 million, a PE ratio of 15.45 and a beta of 1.23.

RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. RMR Group had a return on equity of 6.09% and a net margin of 5.18%. The firm had revenue of $138.65 million during the quarter, compared to the consensus estimate of $137.71 million. On average, analysts expect that RMR Group will post 1.82 EPS for the current year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded RMR Group from a “sell” rating to a “hold” rating in a report on Tuesday. Oppenheimer began coverage on RMR Group in a research report on Friday, August 7th. They set a “hold” rating on the stock. Citigroup increased their price objective on RMR Group from $28.00 to $31.50 and gave the company a “neutral” rating in a research report on Thursday, August 13th. ValuEngine cut RMR Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 1st. Finally, BidaskClub raised RMR Group from a “sell” rating to a “hold” rating in a research report on Friday, September 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. RMR Group currently has an average 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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Dividend History for RMR Group (NASDAQ:RMR)

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