The RMR Group Inc. (RMR)

NASDAQ: RMR · IEX Real-Time Price · USD
23.67
-0.35 (-1.46%)
May 22, 2024, 4:00 PM EDT - Market closed
-1.46%
Market Cap 751.06M
Revenue (ttm) 982.58M
Net Income (ttm) 45.20M
Shares Out 31.73M
EPS (ttm) 2.70
PE Ratio 8.77
Forward PE 11.16
Dividend $1.80 (7.61%)
Ex-Dividend Date Apr 19, 2024
Volume 37,468
Open 23.91
Previous Close 24.02
Day's Range 23.66 - 23.99
52-Week Range 21.28 - 28.82
Beta 1.33
Analysts Buy
Price Target 27.75 (+17.24%)
Earnings Date May 7, 2024

About RMR

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. The company was formerly known as REIT Management & Research Inc. and changed its name to The RMR Group Inc. in October 2015. The RMR Group Inc. was founded in 1986 and i... [Read more]

Sector Real Estate
Founded 1986
Employees 600
Stock Exchange NASDAQ
Ticker Symbol RMR
Full Company Profile

Financial Performance

In 2023, The RMR Group's revenue was $962.32 million, an increase of 15.59% compared to the previous year's $832.50 million. Earnings were $57.15 million, an increase of 68.06%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for RMR stock is "Buy." The 12-month stock price forecast is $27.75, which is an increase of 17.24% from the latest price.

Price Target
$27.75
(17.24% upside)
Analyst Consensus: Buy
Stock Forecasts

News

The RMR Group Appoints Summit Walia as Vice President, Head of Residential Acquisitions

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) announced the appointment of Summit Walia as Vice President, Head of Residential Acquisitions.

7 days ago - Business Wire

The RMR Group Inc. Announces Second Quarter Fiscal 2024 Results

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended March 31, 2024, which can be found at the Quarterly Results section ...

15 days ago - Business Wire

The RMR Group Announces Completion of Unison Elliott Bay Redevelopment

SEATTLE--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced the completion of Unison Elliott Bay (Unison), a three building mixed-use campus with 300,000 square feet of Life Science lab, R&D...

Other symbols: OPI
22 days ago - Business Wire

The RMR Group Highlights Recent Achievements in 2023 Annual Sustainability Report

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced the publication of its 2023 Annual Sustainability Report, which outlines RMR's Environmental, Social and Governance (ESG) st...

5 weeks ago - Business Wire

The RMR Group Inc. Raises Quarterly Dividend by 12.5%

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced it has raised its regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock ...

5 weeks ago - Business Wire

The RMR Group Fiscal Second Quarter 2024 Conference Call Scheduled for Wednesday, May 8th

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal second quarter 2024 financial results after the Nasdaq closes on Tu...

6 weeks ago - Business Wire

The RMR Group Earns 2024 ENERGY STAR® Partner of the Year Award for the Sixth Consecutive Year

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it received the 2024 ENERGY STAR® Partner of the Year Award for the sixth consecutive year. RMR was also recognized as ...

2 months ago - Business Wire

The RMR Group Inc. Announces First Quarter Fiscal 2024 Results

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended December 31, 2023, which can be found at the Quarterly Results secti...

3 months ago - Business Wire

The RMR Group Announces Quarterly Dividend on Common Shares

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock of $0.40 per sha...

4 months ago - Business Wire

The RMR Group Fiscal First Quarter 2024 Conference Call Scheduled for Thursday, February 8th

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal first quarter 2024 financial results after the Nasdaq closes on Wed...

4 months ago - Business Wire

The RMR Group Completes Acquisition of CARROLL Multifamily Platform

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it has completed its acquisition of MPC Partnership Holdings, LLC, doing business as CARROLL (“CARROLL”), a vertically ...

5 months ago - Business Wire

The RMR Group Named a Top Place to Work by The Boston Globe for the Fourth Consecutive Year

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that for the fourth consecutive year it has been named as one of the Top Places to Work in Massachusetts by The Boston Globe...

6 months ago - Business Wire

Office Properties Income Trust Appoints Yael Duffy as President and Chief Operating Officer Effective January 1, 2024

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that Yael Duffy has been appointed President and Chief Operating Officer, effective January 1, 2024. Ms. Du...

Other symbols: ILPTOPI
6 months ago - Business Wire

Diversified Healthcare Trust Appoints Christopher Bilotto as President and Chief Executive Officer Effective January 1, 2024

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer, effective January 1, 2024....

Other symbols: DHC
6 months ago - Business Wire

The RMR Group Announces Retirement of Executive Vice President Jennifer Francis

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that Jennifer Francis, an Executive Vice President, will be retiring from RMR on July 1, 2024 and that she will be resigning...

Other symbols: DHC
6 months ago - Business Wire

The RMR Group Inc. Announces Fourth Quarter Fiscal 2023 Results

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended September 30, 2023, which can be found at the Quarterly Results sect...

6 months ago - Business Wire

The RMR Group Fiscal Fourth Quarter 2023 Conference Call Scheduled for Thursday, November 16th

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal fourth quarter 2023 financial results after the Nasdaq closes on We...

7 months ago - Business Wire

The RMR Group Announces Completion of 20 Mass Redevelopment; Project Wins NAIOP DC|MD's Best Renovation Award

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced the completion of a redevelopment project at 20 Massachusetts Avenue NW (“20 Mass”) in Washington, D.C. and recognition of t...

7 months ago - Business Wire

Seven Hills Realty Trust Appoints Fernando Diaz Chief Financial Officer and Treasurer

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the appointment of Fernando Diaz, CFA, as Chief Financial Officer and Treasurer, effective October 1, 2023. Mr. ...

Other symbols: SEVN
8 months ago - Business Wire

Industrial Logistics Properties Trust Appoints Tiffany Sy as Chief Financial Officer and Treasurer

NEWTON, Mass.--(BUSINESS WIRE)--Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that Tiffany Sy has been appointed as Chief Financial Officer and Treasurer, effective October 1, 2...

Other symbols: ILPT
8 months ago - Business Wire

Office Properties Income Trust Announces Executive Officer Promotions

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer and Brian Donley has been...

Other symbols: OPI
8 months ago - Business Wire

The RMR Group Reports Approximately 4.7 Million Square Feet of Leasing Activity for the Three Months Ended June 30, 2023

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) announced the execution of 77 leases for approximately 4.7 million square feet on behalf of its clients during the three months ended June 3...

10 months ago - Business Wire

The RMR Group Inc. Announces Third Quarter Fiscal 2023 Results

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended June 30, 2023, which can be found at the Quarterly Results section o...

10 months ago - Business Wire

The RMR Group to Acquire CARROLL Multifamily Platform

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it has entered into a definitive agreement to acquire 100% of the equity interests in MPC Partnership Holdings, LLC, do...

10 months ago - Business Wire

The RMR Group Fiscal Third Quarter 2023 Conference Call Scheduled for Thursday, August 10th

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal third quarter 2023 financial results after the Nasdaq closes on Wed...

11 months ago - Business Wire