RMR Group Inc (NASDAQ:RMR) had declared a cash dividend of $0.2500 on Jul 12, 2016. The shares will quote ex-dividend on Jul 20, 2016 and the record date has been fixed for Jul 22, 2016. On Jul 12, 2016 share price, the yield comes out to be 3.0303%. The dividend payable date has been fixed on Aug 18, 2016.
In a different note, FBR Capital said it Initiates Coverage on RMR Group Inc, according to a research note issued on Apr 22, 2016. The shares have been rated ‘Outperform’ by the firm.
RMR Group Inc(RMR) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $41.93M. Analysts had an estimated revenue of $47.63M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.59.
The RMR Group Inc. formerly Reit Management & Research Inc. is a holding company. The Company holds interests in and is the managing member of The RMR Group LLC (RMR LLC). The Company’s business primarily consists of providing management services to four real estate investment trusts (REITs) namely Government Properties Income Trust (GOV) Hospitality Properties Trust (HPT) Select Income REIT (SIR) and Senior Housing Properties Trust and three real estate operating companies namely Five Star Quality Care Inc. (Five Star) Sonesta International Hotels Corporation and TravelCenters of America LLC. GOV primarily owns office properties majority leased to the United States Government and state governments. HPT primarily owns hotel and travel center properties. SIR primarily owns properties that are leased to single tenants including industrial and commercial lands on the island of Oahu Hawaii. Five Star is a national healthcare and senior living services company.