Oppenheimer downgraded shares of RMR Group (NASDAQ:RMR) from an outperform rating to a market perform rating in a research note issued to investors on Monday morning, BenzingaRatingsTable reports.
A number of other analysts have also recently commented on RMR. Zacks Investment Research upgraded shares of RMR Group from a sell rating to a hold rating in a research note on Friday, March 20th. Bank of America dropped their price target on shares of RMR Group from $34.00 to $22.00 and set an underperform rating on the stock in a research note on Monday. BidaskClub cut shares of RMR Group from a sell rating to a strong sell rating in a research note on Saturday, February 22nd. B. Riley dropped their price target on shares of RMR Group from $66.00 to $63.00 and set a buy rating on the stock in a research note on Friday, February 7th. Finally, TheStreet cut shares of RMR Group from a b- rating to a c+ rating in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $48.40.
RMR Group stock opened at $29.28 on Monday. RMR Group has a twelve month low of $21.79 and a twelve month high of $65.00. The firm has a 50 day moving average price of $36.16 and a 200-day moving average price of $43.59. The company has a market capitalization of $804.10 million, a P/E ratio of 15.02 and a beta of 1.32.
RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). The business had revenue of $159.89 million for the quarter, compared to analysts’ expectations of $160.57 million. RMR Group had a net margin of 5.37% and a return on equity of 6.68%. As a group, research analysts expect that RMR Group will post 2.22 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC purchased a new stake in RMR Group in the 4th quarter worth approximately $26,000. FIL Ltd purchased a new stake in RMR Group in the 4th quarter worth approximately $27,000. Advisory Services Network LLC lifted its stake in RMR Group by 324.8% in the 4th quarter. Advisory Services Network LLC now owns 1,045 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 799 shares in the last quarter. Verus Capital Partners LLC purchased a new stake in RMR Group in the 4th quarter worth approximately $53,000. Finally, Point72 Hong Kong Ltd purchased a new stake in RMR Group in the 4th quarter worth approximately $76,000. Institutional investors and hedge funds own 40.68% 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 five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.
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