RMR Group (NASDAQ:RMR) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.
Several other brokerages also recently weighed in on RMR. Zacks Investment Research downgraded RMR Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. TheStreet raised RMR Group from a “c” rating to a “b-” rating in a research note on Tuesday, December 12th. Oppenheimer reaffirmed a “hold” rating on shares of RMR Group in a research note on Tuesday, December 12th. Finally, B. Riley set a $55.00 target price on RMR Group and gave the stock a “hold” rating in a research note on Wednesday, December 13th. Four investment 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. RMR Group presently has a consensus rating of “Buy” and a consensus price target of $60.50.
Shares of RMR Group (NASDAQ:RMR) opened at $65.10 on Friday. RMR Group has a 52-week low of $42.35 and a 52-week high of $65.49. The company has a market capitalization of $2,030.00 and a P/E ratio of 24.85.
RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Tuesday, December 12th. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.12. RMR Group had a return on equity of 11.27% and a net margin of 15.56%. analysts forecast that RMR Group will post 1.97 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake 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 worth $28,312,000 after buying an additional 9,629 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of RMR Group by 17.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock worth $10,291,000 after buying an additional 29,686 shares during the period. Northern Trust Corp raised its stake in shares of RMR Group by 3.0% during the 2nd quarter. Northern Trust Corp now owns 109,238 shares of the financial services provider’s stock worth $5,315,000 after buying an additional 3,138 shares during the period. Seizert Capital Partners LLC raised its stake 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 worth $4,947,000 after buying an additional 11,417 shares during the period. Finally, Prudential Financial Inc. raised its stake in RMR Group by 17.0% in the 3rd quarter. Prudential Financial Inc. now owns 78,597 shares of the financial services provider’s stock valued at $4,036,000 after purchasing an additional 11,400 shares during the last quarter. 34.54% of the stock is owned by institutional investors and hedge funds.
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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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