StockNews.com upgraded shares of The RMR Group (NASDAQ:RMR – Free Report) from a hold rating to a buy rating in a report published on Sunday.
The RMR Group Price Performance
Shares of NASDAQ RMR opened at $17.09 on Friday. The RMR Group has a fifty-two week low of $16.89 and a fifty-two week high of $26.43. The stock has a market cap of $544.25 million, a price-to-earnings ratio of 12.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50-day simple moving average is $18.57 and its 200 day simple moving average is $21.68.
The RMR Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.80 annualized dividend and a yield of 10.53%. The RMR Group’s payout ratio is 135.34%.
Hedge Funds Weigh In On The RMR Group
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.
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