RMR Group (NASDAQ:RMR) issued an update on its first quarter 2020
After-Hours earnings guidance on Monday morning. The company provided EPS guidance of $$0.57-0.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $$0.56.
Shares of RMR Group stock traded down $0.10 during trading on Monday, hitting $47.78. 775 shares of the company’s stock were exchanged, compared to its average volume of 116,315. The business has a 50-day simple moving average of $46.79 and a 200-day simple moving average of $47.83. RMR Group has a 52-week low of $41.69 and a 52-week high of $77.83. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 9.91 and a beta of 1.21.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Friday, October 25th. This is a boost from RMR Group’s previous quarterly dividend of $0.35. RMR Group’s dividend payout ratio (DPR) is 31.47%.
RMR has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of RMR Group in a research report on Monday, October 21st. They set an equal weight rating and a $46.00 price target on the stock. Bank of America initiated coverage on shares of RMR Group in a research report on Monday, September 16th. They set an underperform rating on the stock. Zacks Investment Research upgraded shares of RMR Group from a sell rating to a hold rating and set a $52.00 price target on the stock in a research report on Tuesday, October 22nd. B. Riley dropped their price target on shares of RMR Group from $80.00 to $70.00 and set a buy rating on the stock in a research report on Monday, August 12th. Finally, Citigroup initiated coverage on shares of RMR Group in a research report on Wednesday, September 4th. They set a neutral rating and a $46.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $52.75.
RMR Group Company Profile
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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