The RMR Group Inc. (NASDAQ:RMR) – Investment analysts at Oppenheimer dropped their Q2 2018 EPS estimates for shares of The RMR Group in a research note issued to investors on Tuesday. Oppenheimer analyst C. Kotowski now expects that the financial services provider will earn $0.46 per share for the quarter, down from their previous estimate of $0.48. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for The RMR Group’s Q3 2018 earnings at $0.48 EPS, Q2 2019 earnings at $0.45 EPS and Q3 2019 earnings at $0.48 EPS.

A number of other analysts have also recently commented on RMR. BidaskClub cut The RMR Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. FBR & Co reiterated a “neutral” rating and set a $51.00 price target (up from $50.00) on shares of The RMR Group in a research report on Monday, October 2nd. Zacks Investment Research upgraded The RMR Group from a “hold” rating to a “strong-buy” rating and set a $61.00 price target for the company in a research report on Wednesday, October 4th. Finally, B. Riley reiterated a “neutral” rating on shares of The RMR Group in a research report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The RMR Group has a consensus rating of “Hold” and an average price target of $60.25.

The RMR Group (NASDAQ RMR) opened at $60.15 on Friday. The firm has a market capitalization of $889.07, a P/E ratio of 33.47 and a beta of -0.71. The RMR Group has a 12-month low of $38.55 and a 12-month high of $61.25.

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in The RMR Group by 1.2% during the 1st quarter. Bank of America Corp DE now owns 5,027 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 59 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in The RMR Group by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 27,854 shares of the financial services provider’s stock worth $1,356,000 after purchasing an additional 152 shares during the period. Tudor Investment Corp ET AL increased its holdings in The RMR Group by 1.5% during the 2nd quarter. Tudor Investment Corp ET AL now owns 10,281 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 156 shares during the period. Alps Advisors Inc. increased its holdings in The RMR Group by 1.9% during the 2nd quarter. Alps Advisors Inc. now owns 11,116 shares of the financial services provider’s stock worth $541,000 after purchasing an additional 202 shares during the period. Finally, HighVista Strategies LLC increased its holdings in The RMR Group by 0.9% during the 2nd quarter. HighVista Strategies LLC now owns 35,536 shares of the financial services provider’s stock worth $1,729,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 34.52% of the company’s stock.

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The RMR Group Company Profile

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.

Earnings History and Estimates for The RMR Group (NASDAQ:RMR)

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