Shares of RMR Group Inc (NASDAQ:RMR) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $58.00.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of RMR Group from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded shares of RMR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. TheStreet upgraded shares of RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. Oppenheimer restated a “hold” rating on shares of RMR Group in a report on Tuesday, December 12th. Finally, B. Riley set a $55.00 price target on shares of RMR Group and gave the stock a “hold” rating in a report on Wednesday, December 13th.

A number of institutional investors have recently added to or reduced their stakes in RMR. Schwab Charles Investment Management Inc. boosted its holdings in RMR Group by 0.5% during the second 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 last quarter. Rhumbline Advisers boosted its holdings in RMR Group by 6.1% during the second quarter. Rhumbline Advisers now owns 8,081 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 466 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in RMR Group by 6.0% during the second quarter. Bank of New York Mellon Corp now owns 41,804 shares of the financial services provider’s stock worth $2,033,000 after purchasing an additional 2,360 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in RMR Group by 8.1% during the second quarter. Victory Capital Management Inc. now owns 12,037 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 897 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in RMR Group by 8.2% during the second quarter. Prudential Financial Inc. now owns 67,197 shares of the financial services provider’s stock worth $3,269,000 after purchasing an additional 5,100 shares during the last quarter. Institutional investors and hedge funds own 34.54% of the company’s stock.

RMR Group (NASDAQ RMR) opened at $62.95 on Monday. The stock has a market cap of $954.58, a PE ratio of 23.94 and a beta of -0.69. RMR Group has a twelve month low of $39.10 and a twelve month high of $63.30.

RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Tuesday, December 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.12. RMR Group had a net margin of 15.56% and a return on equity of 11.27%. equities research analysts expect that RMR Group will post 1.97 EPS for the current fiscal year.

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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.

Analyst Recommendations for RMR Group (NASDAQ:RMR)

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