StockNews.com upgraded shares of The RMR Group (NASDAQ:RMR – Free Report) from a hold rating to a buy rating in a research note released on Sunday morning.
The RMR Group Stock Performance
NASDAQ:RMR opened at $17.25 on Friday. The company has a fifty day moving average of $18.67 and a 200-day moving average of $21.79. The firm has a market capitalization of $549.34 million, a P/E ratio of 12.97 and a beta of 1.19. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The RMR Group has a twelve month low of $16.89 and a twelve month high of $26.43.
The RMR Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.80 dividend on an annualized basis and a yield of 10.43%. The RMR Group’s dividend payout ratio (DPR) is presently 135.34%.
Institutional Trading of 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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