RMR Group (NASDAQ:RMR) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.
A number of other brokerages have also recently issued reports on RMR. Zacks Investment Research cut shares of RMR Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Oppenheimer reissued a “hold” rating on shares of RMR Group in a report on Tuesday, December 12th. TheStreet raised shares of RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. FBR & Co reissued a “neutral” rating and set a $51.00 target price (up previously from $50.00) on shares of RMR Group in a report on Monday, October 2nd. Finally, B. Riley reissued a “neutral” rating on shares of RMR Group in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $60.50.
Shares of RMR Group (NASDAQ RMR) opened at $65.10 on Friday. The company has a market cap of $987.18, a P/E ratio of 24.75 and a beta of -0.69. RMR Group has a 1-year low of $42.35 and a 1-year high of $65.49.
RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Tuesday, December 12th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.12. RMR Group had a net margin of 15.56% and a return on equity of 11.27%. equities analysts predict that RMR Group will post 1.97 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in RMR. Schwab Charles Investment Management Inc. increased its holdings in shares of RMR Group by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 27,854 shares of the financial services provider’s stock worth $1,356,000 after purchasing an additional 152 shares during the period. Rhumbline Advisers increased its holdings in shares of RMR Group by 6.1% in the second quarter. Rhumbline Advisers now owns 8,081 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 466 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of RMR Group by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 41,804 shares of the financial services provider’s stock worth $2,033,000 after purchasing an additional 2,360 shares during the period. Prudential Financial Inc. grew its position in RMR Group by 8.2% in the second quarter. Prudential Financial Inc. now owns 67,197 shares of the financial services provider’s stock worth $3,269,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in RMR Group in the second quarter worth $211,000. 34.54% of the stock is currently owned by hedge funds and other institutional investors.
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About RMR Group
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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