The RMR Group (NASDAQ:RMR) Shares Gap Down – What’s Next?

The RMR Group Inc. (NASDAQ:RMR) gapped down before the market opened on Tuesday . The stock had previously closed at $21.37, but opened at $20.54. The RMR Group shares last traded at $20.6730, with a volume of 5,090 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. B. Riley Financial decreased their price target on The RMR Group from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Zacks Research upgraded shares of The RMR Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Weiss Ratings upgraded shares of The RMR Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

The RMR Group Stock Up 0.4%

The firm’s 50-day simple moving average is $18.69 and its 200 day simple moving average is $16.91. The stock has a market capitalization of $659.87 million, a P/E ratio of 16.99 and a beta of 1.05.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $145.63 million during the quarter, compared to the consensus estimate of $171.44 million. The RMR Group had a return on equity of 3.44% and a net margin of 3.23%. As a group, equities analysts anticipate that The RMR Group Inc. will post 0.69 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.8%. The ex-dividend date was Tuesday, April 21st. The RMR Group’s payout ratio is presently 148.76%.

Institutional Trading of The RMR Group

Several institutional investors and hedge funds have recently bought and sold shares of RMR. NewEdge Advisors LLC lifted its holdings in shares of The RMR Group by 313.1% in the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,124 shares in the last quarter. Quarry LP purchased a new stake in shares of The RMR Group in the third quarter valued at $36,000. State of Alaska Department of Revenue purchased a new stake in shares of The RMR Group in the fourth quarter valued at $41,000. Tower Research Capital LLC TRC lifted its holdings in shares of The RMR Group by 442.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 2,513 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of The RMR Group in the first quarter valued at $50,000. Institutional investors and hedge funds own 42.31% of the company’s stock.

The RMR Group Company Profile

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.