RMR Group (RMR) Downgraded by Zacks Investment Research

RMR Group (NASDAQ:RMR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, January 5th.

According to Zacks, “The RMR Group Inc. primarily provides management services to publicly owned real estate investment trusts and real estate operating companies. The RMR Group Inc. is headquartered in Newton, MA. “

A number of other equities research analysts have also weighed in on the company. BidaskClub lowered RMR Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 4th. TheStreet raised RMR Group from a “c” rating to a “b-” rating in a research note on Tuesday, December 12th. Oppenheimer reissued a “hold” rating on shares of RMR Group in a research note on Tuesday, December 12th. B. Riley set a $55.00 price target on RMR Group and gave the company a “hold” rating in a research report on Wednesday, December 13th. Finally, FBR & Co reaffirmed a “neutral” rating and set a $51.00 price target (up previously from $50.00) on shares of RMR Group in a research report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. RMR Group has an average rating of “Hold” and a consensus target price of $60.50.

Shares of RMR Group (NASDAQ RMR) opened at $65.10 on Friday. RMR Group has a 52 week low of $42.35 and a 52 week high of $65.49. The stock has a market capitalization of $2,030.00 and a PE ratio of 24.85.

RMR Group (NASDAQ:RMR) last released its earnings results on Tuesday, December 12th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.12. RMR Group had a return on equity of 11.27% and a net margin of 15.56%. equities analysts predict that RMR Group will post 1.97 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of RMR. FMR LLC grew its stake in shares of RMR Group by 114.5% in the 2nd quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock worth $3,018,000 after buying an additional 33,115 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in RMR Group by 17.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock valued at $10,291,000 after acquiring an additional 29,686 shares in the last quarter. Confluence Investment Management LLC bought a new position in RMR Group in the 4th quarter valued at approximately $1,580,000. Chicago Equity Partners LLC bought a new position in RMR Group in the 3rd quarter valued at approximately $924,000. Finally, Old Mutual Global Investors UK Ltd. lifted its position in RMR Group by 93.0% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 32,264 shares of the financial services provider’s stock valued at $1,656,000 after acquiring an additional 15,549 shares in the last quarter. Institutional investors own 34.54% of the company’s stock.

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RMR Group Company Profile

The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.

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