Short Interest in RMR Group Inc (NASDAQ:RMR) Grows By 101.5%

RMR Group Inc (NASDAQ:RMR) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 700,200 shares, an increase of 101.5% from the May 30th total of 347,500 shares. Currently, 10.0% of the shares of the stock are sold short. Based on an average daily volume of 180,100 shares, the short-interest ratio is presently 3.9 days.

A number of analysts have recently issued reports on the company. B. Riley set a $13.00 price target on Audioeye and gave the stock a “buy” rating in a research note on Monday, May 13th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. S&P Equity Research raised RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research note on Monday, July 1st. They noted that the move was a valuation call. Finally, Oppenheimer raised RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research note on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $62.80.

RMR Group stock traded down $0.29 during trading on Thursday, reaching $49.80. 135,194 shares of the company were exchanged, compared to its average volume of 114,893. RMR Group has a 52-week low of $41.69 and a 52-week high of $98.00. The firm has a market capitalization of $1.57 billion, a P/E ratio of 21.37 and a beta of 1.20. The firm’s 50 day moving average price is $48.95.



RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Friday, May 10th. The financial services provider reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.04). RMR Group had a return on equity of 16.42% and a net margin of 14.31%. The company had revenue of $130.10 million for the quarter, compared to analysts’ expectations of $141.12 million. On average, sell-side analysts expect that RMR Group will post 4.82 EPS for the current year.

In other RMR Group news, major shareholder Housing Properties Trus Senior sold 2,637,408 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $40.00, for a total value of $105,496,320.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 55.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in RMR. Bank of Montreal Can lifted its position in RMR Group by 104.3% during the first quarter. Bank of Montreal Can now owns 672 shares of the financial services provider’s stock worth $41,000 after buying an additional 343 shares in the last quarter. Royal London Asset Management Ltd. purchased a new position in RMR Group during the first quarter worth approximately $54,000. BNP Paribas Arbitrage SA lifted its position in RMR Group by 255.8% during the first quarter. BNP Paribas Arbitrage SA now owns 1,836 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,320 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in RMR Group by 377.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,584 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 2,043 shares during the period. Finally, Legal & General Group Plc raised its position in RMR Group by 5.1% in the fourth quarter. Legal & General Group Plc now owns 3,483 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 17.87% 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.

See Also: Cost of Goods Sold (COGS)

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