Swiss National Bank held its stake in RMR Group Inc (NYSE:RMR) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 11,492 shares of the financial services provider’s stock at the end of the first quarter. Swiss National Bank owned 0.07% of RMR Group worth $569,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the company. State Board of Administration of Florida Retirement System purchased a new position in shares of RMR Group during the first quarter worth about $208,000. Old Mutual Global Investors UK Ltd. purchased a new position in shares of RMR Group during the first quarter worth about $245,000. American Century Companies Inc. purchased a new position in shares of RMR Group during the first quarter worth about $717,000. Russell Investments Group Ltd. purchased a new position in shares of RMR Group during the fourth quarter worth about $1,113,000. Finally, Teachers Advisors LLC raised its position in shares of RMR Group by 88.9% in the fourth quarter. Teachers Advisors LLC now owns 32,198 shares of the financial services provider’s stock worth $1,272,000 after buying an additional 15,151 shares during the period.
RMR Group Inc (RMR) opened at 49.15 on Tuesday. The stock has a market cap of $791.02 million and a price-to-earnings ratio of 17.76. The firm’s 50 day moving average price is $49.56 and its 200-day moving average price is $48.20. RMR Group Inc has a 1-year low of $33.47 and a 1-year high of $55.10.
RMR Group (NYSE:RMR) last announced its earnings results on Wednesday, May 10th. The financial services provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. RMR Group had a net margin of 32.69% and a return on equity of 19.25%. The business had revenue of $54.30 million during the quarter, compared to analysts’ expectations of $52.79 million. On average, equities analysts anticipate that RMR Group Inc will post $2.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, July 24th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.03%.
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A number of brokerages recently issued reports on RMR. FBR & Co restated a “mkt perform” rating and issued a $48.00 target price (up previously from $44.00) on shares of RMR Group in a research note on Friday, May 12th. Oppenheimer Holdings, Inc. assumed coverage on RMR Group in a research note on Tuesday, April 18th. They set a “market perform” rating for the company. Zacks Investment Research lowered RMR Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, Canaccord Genuity set a $72.00 price objective on RMR Group and gave the company a “buy” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $59.33.
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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