RMR Group (RMR) Rating Lowered to Hold at Zacks Investment Research

RMR Group (NASDAQ:RMR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

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 research analysts have also weighed in on the stock. B. Riley set a $89.00 target price on shares of RMR Group and gave the company a “hold” rating in a report on Monday, August 13th. BidaskClub lowered shares of RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. ValuEngine lowered shares of RMR Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Finally, TheStreet lowered shares of RMR Group from a “b-” rating to a “c+” rating in a report on Friday, November 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. RMR Group presently has a consensus rating of “Hold” and an average target price of $79.50.

Shares of RMR opened at $64.73 on Friday. RMR Group has a 1 year low of $52.81 and a 1 year high of $98.00. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 27.78 and a beta of 0.61.

RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Monday, December 3rd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. RMR Group had a net margin of 23.72% and a return on equity of 8.70%. The business had revenue of $65.07 million during the quarter, compared to analyst estimates of $62.32 million. As a group, equities research analysts anticipate that RMR Group will post 2.65 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of RMR Group by 39.0% during the third quarter. FMR LLC now owns 421,124 shares of the financial services provider’s stock valued at $39,080,000 after buying an additional 118,096 shares during the period. Vanguard Group Inc. increased its stake in shares of RMR Group by 11.5% during the third quarter. Vanguard Group Inc. now owns 1,014,631 shares of the financial services provider’s stock valued at $94,157,000 after buying an additional 104,256 shares during the period. First Trust Advisors LP increased its stake in shares of RMR Group by 1,065.2% during the second quarter. First Trust Advisors LP now owns 80,724 shares of the financial services provider’s stock valued at $6,333,000 after buying an additional 73,796 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of RMR Group by 24.1% during the second quarter. Dimensional Fund Advisors LP now owns 336,877 shares of the financial services provider’s stock valued at $26,427,000 after buying an additional 65,397 shares during the period. Finally, BlackRock Inc. increased its stake in shares of RMR Group by 11.3% during the second quarter. BlackRock Inc. now owns 477,929 shares of the financial services provider’s stock valued at $37,494,000 after buying an additional 48,424 shares during the period. Institutional investors and hedge funds own 18.85% of the company’s stock.

RMR Group Company Profile

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.

Featured Article: Bear Market – How and Why They Occur

Get a free copy of the Zacks research report on RMR Group (RMR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for RMR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RMR Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply