B. Riley Financial Issues Pessimistic Forecast for The RMR Group (NASDAQ:RMR) Stock Price

The RMR Group (NASDAQ:RMR) had its price objective lowered by B. Riley Financial from $24.00 to $21.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. B. Riley Financial’s price target indicates a potential upside of 28.40% from the stock’s current price.

Other analysts have also issued research reports about the company. LADENBURG THALM/SH SH initiated coverage on The RMR Group in a report on Wednesday, January 7th. They issued a “buy” rating and a $17.00 target price on the stock. Weiss Ratings upgraded shares of The RMR Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th. Wall Street Zen raised shares of The RMR Group from a “sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Zacks Research downgraded shares of The RMR Group from a “hold” rating to a “strong sell” rating in a report on Friday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.00.

The RMR Group Price Performance

Shares of RMR stock traded up $0.03 during midday trading on Tuesday, reaching $16.36. 28,013 shares of the company traded hands, compared to its average volume of 199,080. The firm’s 50 day simple moving average is $16.42 and its two-hundred day simple moving average is $15.87. The firm has a market cap of $524.34 million, a PE ratio of 11.80 and a beta of 0.93. The RMR Group has a 1-year low of $13.48 and a 1-year high of $18.09.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $180.42 million for the quarter, compared to analysts’ expectations of $214.10 million. The RMR Group had a return on equity of 4.03% and a net margin of 3.52%. As a group, research analysts anticipate that The RMR Group will post 1.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RMR. XTX Topco Ltd purchased a new stake in The RMR Group during the fourth quarter valued at about $199,000. Inspire Investing LLC raised its holdings in shares of The RMR Group by 7.9% in the 4th quarter. Inspire Investing LLC now owns 31,373 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 2,299 shares during the period. Schonfeld Strategic Advisors LLC lifted its stake in shares of The RMR Group by 77.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 30,206 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 13,226 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of The RMR Group by 16.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,774 shares of the financial services provider’s stock valued at $772,000 after purchasing an additional 7,447 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of The RMR Group by 4.2% during the 4th quarter. Russell Investments Group Ltd. now owns 49,188 shares of the financial services provider’s stock worth $733,000 after purchasing an additional 1,982 shares during the period. Institutional investors and hedge funds own 42.31% of the company’s stock.

The RMR Group Company Profile

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.