The RMR Group (NASDAQ:RMR) Coverage Initiated at JMP Securities

JMP Securities assumed coverage on shares of The RMR Group (NASDAQ:RMR) in a report released on Friday morning, MarketBeat Ratings reports. The brokerage issued a market perform rating on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on the company. TheStreet raised The RMR Group from a c+ rating to a b- rating in a research note on Tuesday, January 2nd. StockNews.com cut The RMR Group from a buy rating to a hold rating in a research note on Thursday, February 8th.

The RMR Group Stock Performance

Shares of The RMR Group stock opened at $22.57 on Friday. The RMR Group has a 52 week low of $20.79 and a 52 week high of $28.82. The stock has a 50 day moving average price of $23.85 and a two-hundred day moving average price of $24.67. The stock has a market capitalization of $715.69 million, a PE ratio of 6.52 and a beta of 1.30.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. The firm had revenue of $261.67 million during the quarter, compared to analysts’ expectations of $223.18 million. Research analysts forecast that The RMR Group will post 1.92 EPS for the current year.

The RMR Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date is Friday, April 19th. This is a positive change from The RMR Group’s previous quarterly dividend of $0.40. The RMR Group’s dividend payout ratio (DPR) is currently 46.24%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of The RMR Group by 203.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 63,048 shares of the financial services provider’s stock valued at $1,513,000 after purchasing an additional 42,288 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in The RMR Group by 29.3% during the first quarter. Los Angeles Capital Management LLC now owns 102,827 shares of the financial services provider’s stock worth $2,468,000 after acquiring an additional 23,321 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in The RMR Group by 22.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,616 shares of the financial services provider’s stock worth $554,000 after acquiring an additional 3,593 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in The RMR Group by 912.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,665 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 3,303 shares during the period. Finally, Barclays PLC lifted its holdings in The RMR Group by 49.5% during the fourth quarter. Barclays PLC now owns 55,526 shares of the financial services provider’s stock worth $1,567,000 after acquiring an additional 18,376 shares during the period. Institutional investors own 42.31% of the company’s stock.

The RMR Group Company Profile

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.