RMR Group (NASDAQ:RMR) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of RMR Group (NASDAQ:RMR) from a sell rating to a hold rating in a research note published on Wednesday morning, ValuEngine reports.

RMR has been the subject of a number of other reports. BidaskClub cut RMR Group from a sell rating to a strong sell rating in a research report on Saturday, September 21st. Citigroup began coverage on RMR Group in a research report on Wednesday, September 4th. They issued a neutral rating and a $46.00 price objective for the company. CIBC upgraded RMR Group from a market perform rating to an outperform rating and set a $54.00 price objective for the company in a research report on Monday, July 1st. Bank of America began coverage on RMR Group in a research report on Monday, September 16th. They set an underperform rating for the company. Finally, Oppenheimer upgraded RMR Group from a market perform rating to an outperform rating and set a $54.00 price target for the company in a research report on Monday, July 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $54.67.

Shares of RMR Group stock traded up $0.80 on Wednesday, reaching $45.41. The company’s stock had a trading volume of 47,639 shares, compared to its average volume of 102,026. The company has a market capitalization of $1.39 billion, a P/E ratio of 19.49 and a beta of 1.21. RMR Group has a 52-week low of $41.69 and a 52-week high of $89.35. The stock has a 50-day moving average price of $45.69 and a 200-day moving average price of $51.25.

RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Friday, August 9th. The financial services provider reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The business had revenue of $143.72 million during the quarter, compared to analysts’ expectations of $133.10 million. RMR Group had a net margin of 12.02% and a return on equity of 15.50%. Research analysts expect that RMR Group will post 4.81 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can increased its position in shares of 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 purchasing an additional 343 shares in the last quarter. US Bancorp DE increased its position in shares of RMR Group by 333.5% during the second quarter. US Bancorp DE now owns 698 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 537 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in RMR Group by 1,161.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,056 shares of the financial services provider’s stock worth $97,000 after buying an additional 1,893 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in RMR Group during the second quarter worth $224,000. Finally, Public Employees Retirement System of Ohio boosted its stake in RMR Group by 69.6% during the second quarter. Public Employees Retirement System of Ohio now owns 4,857 shares of the financial services provider’s stock worth $228,000 after buying an additional 1,994 shares during the last quarter. Hedge funds and other institutional investors own 47.20% 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 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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Analyst Recommendations for RMR Group (NASDAQ:RMR)

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