Axa Takes Position in RMR Group Inc (RMR)
Axa purchased a new stake in shares of RMR Group Inc (NYSE:RMR) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 19,499 shares of the financial services provider’s stock, valued at approximately $965,000. Axa owned about 0.12% of RMR Group as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC increased its stake in RMR Group by 8.0% in the first quarter. Acadian Asset Management LLC now owns 543,488 shares of the financial services provider’s stock valued at $26,903,000 after buying an additional 40,094 shares in the last quarter. Teachers Advisors LLC increased its stake in RMR Group by 88.9% in the fourth quarter. Teachers Advisors LLC now owns 32,198 shares of the financial services provider’s stock valued at $1,272,000 after buying an additional 15,151 shares in the last quarter. WFG Advisors LP increased its stake in RMR Group by 36,105.0% in the fourth quarter. WFG Advisors LP now owns 7,241 shares of the financial services provider’s stock valued at $632,000 after buying an additional 7,221 shares in the last quarter. Worth Venture Partners LLC bought a new stake in RMR Group during the fourth quarter valued at $756,000. Finally, Tudor Investment Corp Et Al increased its stake in RMR Group by 3.5% in the fourth quarter. Tudor Investment Corp Et Al now owns 10,944 shares of the financial services provider’s stock valued at $432,000 after buying an additional 367 shares in the last quarter.
Shares of RMR Group Inc (NYSE RMR) traded down 0.59% during trading on Friday, reaching $50.15. 88,744 shares of the company were exchanged. RMR Group Inc has a 1-year low of $29.16 and a 1-year high of $55.10. The stock has a market capitalization of $807.11 million and a P/E ratio of 18.12. The firm has a 50-day moving average price of $50.71 and a 200-day moving average price of $47.74.
RMR Group (NYSE:RMR) last announced its quarterly earnings data on Wednesday, May 10th. The financial services provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.01. RMR Group had a net margin of 32.69% and a return on equity of 19.25%. The firm had revenue of $54.30 million during the quarter, compared to analyst estimates of $52.79 million. Equities research analysts predict that RMR Group Inc will post $2.83 earnings per share for the current fiscal year.
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Several research firms have recently weighed in on RMR. FBR & Co reaffirmed a “mkt perform” rating and set a $48.00 price target (up previously from $44.00) on shares of RMR Group in a research note on Friday, May 12th. Oppenheimer Holdings, Inc. assumed coverage on shares of RMR Group in a research note on Tuesday, April 18th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, Canaccord Genuity assumed coverage on shares of RMR Group in a research note on Wednesday, May 31st. They issued a “buy” rating and a $72.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $59.33.
About RMR Group
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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