RMR Group (NASDAQ:RMR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday. The brokerage presently has a $69.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.21% from the company’s previous close.
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 commented on RMR. BidaskClub lowered RMR Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. B. Riley reiterated a “neutral” rating on shares of RMR Group in a research report on Wednesday, November 1st. Oppenheimer reiterated a “hold” rating on shares of RMR Group in a research report on Tuesday, December 12th. Finally, TheStreet upgraded RMR Group from a “c” rating to a “b-” rating in a research report on Tuesday, December 12th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $62.25.
Shares of RMR Group (NASDAQ RMR) opened at $60.95 on Wednesday. RMR Group has a 52-week low of $42.35 and a 52-week high of $67.90. The company has a market capitalization of $1,902.44, a PE ratio of 31.96 and a beta of -0.51.
RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. RMR Group had a return on equity of 10.86% and a net margin of 23.35%. The firm had revenue of $218.54 million for the quarter, compared to analyst estimates of $206.85 million. equities analysts expect that RMR Group will post 2.51 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Dupont Capital Management Corp bought a new stake in shares of RMR Group during the 3rd quarter valued at about $293,000. Vanguard Group Inc. boosted its position in shares of RMR Group by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 581,943 shares of the financial services provider’s stock valued at $28,312,000 after purchasing an additional 9,629 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of RMR Group by 23.0% during the 3rd quarter. Wells Fargo & Company MN now owns 41,599 shares of the financial services provider’s stock valued at $2,137,000 after purchasing an additional 7,783 shares in the last quarter. Seizert Capital Partners LLC boosted its position in shares of RMR Group by 13.4% during the 3rd quarter. Seizert Capital Partners LLC now owns 96,342 shares of the financial services provider’s stock valued at $4,947,000 after purchasing an additional 11,417 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of RMR Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 170,714 shares of the financial services provider’s stock valued at $8,306,000 after purchasing an additional 28,263 shares in the last quarter. Institutional investors own 34.71% 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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