B. Riley started coverage on shares of RMR Group (NASDAQ:RMR) in a note issued to investors on Monday, TipRanks reports. The firm set a “buy” rating and a $80.00 price target on the financial services provider’s stock. B. Riley’s price target would indicate a potential upside of 52.85% from the stock’s current price. B. Riley also issued estimates for RMR Group’s FY2021 earnings at $2.32 EPS.

A number of other analysts have also recently commented on RMR. Zacks Investment Research cut shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. ValuEngine cut shares of RMR Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 7th. Finally, Oppenheimer reissued a “hold” rating on shares of RMR Group in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $76.00.

RMR traded up $1.49 on Monday, reaching $52.34. The stock had a trading volume of 69,758 shares, compared to its average volume of 53,383. RMR Group has a 12-month low of $48.46 and a 12-month high of $98.00. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 22.46 and a beta of 1.17.

RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Friday, May 10th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). RMR Group had a net margin of 16.52% and a return on equity of 17.44%. The firm had revenue of $130.10 million during the quarter, compared to analysts’ expectations of $141.12 million. On average, analysts predict that RMR Group will post 4.91 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in RMR. Bank of Montreal Can boosted 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 acquiring an additional 343 shares during the last quarter. Royal London Asset Management Ltd. acquired a new position in RMR Group in the 1st quarter valued at about $54,000. Braun Bostich & Associates Inc. boosted its holdings in RMR Group by 97.3% in the 4th quarter. Braun Bostich & Associates Inc. now owns 2,024 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 998 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in RMR Group by 255.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,836 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in RMR Group by 377.6% in the 4th 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 last quarter. 19.18% of the stock is owned by institutional investors and hedge funds.

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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