RMR Group (RMR) Rating Increased to Strong-Buy at BidaskClub

RMR Group (NASDAQ:RMR) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Several other analysts have also commented on the company. Zacks Investment Research lowered RMR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 16th. B. Riley set a $88.00 price objective on RMR Group and gave the company a “hold” rating in a report on Monday, May 14th. Finally, ValuEngine upgraded RMR Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. RMR Group has an average rating of “Buy” and a consensus price target of $73.00.

Shares of RMR opened at $78.45 on Thursday. RMR Group has a 12 month low of $42.35 and a 12 month high of $83.20. The firm has a market cap of $2.40 billion, a PE ratio of 38.07 and a beta of -0.24.

RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Thursday, May 10th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). RMR Group had a net margin of 23.43% and a return on equity of 10.30%. The business had revenue of $59.28 million for the quarter, compared to analysts’ expectations of $60.58 million. sell-side analysts expect that RMR Group will post 2.34 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of RMR. Victory Capital Management Inc. increased its position in shares of RMR Group by 24.2% in the 1st quarter. Victory Capital Management Inc. now owns 4,295 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 838 shares during the period. JPMorgan Chase & Co. increased its position in shares of RMR Group by 19.6% in the 1st quarter. JPMorgan Chase & Co. now owns 5,811 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 954 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of RMR Group by 15.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,516 shares of the financial services provider’s stock valued at $446,000 after acquiring an additional 1,008 shares during the period. Schroder Investment Management Group increased its position in shares of RMR Group by 18.4% in the 1st quarter. Schroder Investment Management Group now owns 6,944 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 1,079 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of RMR Group by 4.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 30,494 shares of the financial services provider’s stock valued at $1,809,000 after acquiring an additional 1,248 shares during the period. Hedge funds and other institutional investors own 17.44% of the company’s stock.

About RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2017, the company had approximately 1,400 properties under management, which are primarily owned by its Managed Equity REITs.

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