The RMR Group (NASDAQ:RMR) Reaches New 52-Week High – Should You Buy?

The RMR Group Inc. (NASDAQ:RMR) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $18.40 and last traded at $18.3040, with a volume of 43029 shares changing hands. The stock had previously closed at $17.81.

Analyst Ratings Changes

A number of research firms have issued reports on RMR. B. Riley Financial lowered their target price on The RMR Group from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Weiss Ratings raised The RMR Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 5th. LADENBURG THALM/SH SH started coverage on The RMR Group in a report on Wednesday, January 7th. They set a “buy” rating and a $17.00 price objective on the stock. Finally, Zacks Research raised The RMR Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

The RMR Group Trading Up 3.6%

The company has a market cap of $591.70 million, a price-to-earnings ratio of 13.39 and a beta of 0.93. The company has a fifty day moving average price of $16.37 and a two-hundred day moving average price of $15.88.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The RMR Group had a return on equity of 4.03% and a net margin of 3.52%.The company had revenue of $180.42 million for the quarter, compared to analyst estimates of $214.10 million. Sell-side analysts anticipate that The RMR Group Inc. will post 0.76 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Tuesday, April 21st will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 21st. This represents a $1.80 annualized dividend and a yield of 9.8%. The RMR Group’s payout ratio is currently 130.43%.

Institutional Trading of The RMR Group

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in The RMR Group by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,616,140 shares of the financial services provider’s stock valued at $25,422,000 after buying an additional 6,439 shares in the last quarter. Nantahala Capital Management LLC boosted its stake in The RMR Group by 55.9% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,147,902 shares of the financial services provider’s stock valued at $18,768,000 after buying an additional 411,700 shares in the last quarter. Federated Hermes Inc. boosted its stake in The RMR Group by 12.1% in the 4th quarter. Federated Hermes Inc. now owns 576,628 shares of the financial services provider’s stock valued at $8,592,000 after buying an additional 62,307 shares in the last quarter. State Street Corp boosted its stake in The RMR Group by 2.3% in the 4th quarter. State Street Corp now owns 391,140 shares of the financial services provider’s stock valued at $5,828,000 after buying an additional 8,679 shares in the last quarter. Finally, Garner Asset Management Corp boosted its stake in The RMR Group by 3.5% in the 3rd quarter. Garner Asset Management Corp now owns 379,961 shares of the financial services provider’s stock valued at $5,985,000 after buying an additional 12,861 shares in the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

About The RMR Group

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.