RMR Group Inc (RMR) Earns Neutral Rating from FBR & Co
RMR Group Inc (NYSE:RMR)‘s stock had its “neutral” rating reaffirmed by analysts at FBR & Co in a note issued to investors on Monday, Marketbeat reports. They currently have a $51.00 price objective on the financial services provider’s stock, up from their previous price objective of $50.00. FBR & Co’s price target points to a potential downside of 0.68% from the company’s current price. FBR & Co also issued estimates for RMR Group’s FY2018 earnings at $1.94 EPS and FY2019 earnings at $1.98 EPS.
Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded RMR Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub cut shares of RMR Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Canaccord Genuity set a $68.00 price target on shares of RMR Group and gave the company a “buy” rating in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $59.00.
Shares of RMR Group (RMR) traded up 2.43% on Monday, reaching $52.60. 22,799 shares of the company were exchanged. The stock’s 50-day moving average is $49.08 and its 200 day moving average is $49.86. RMR Group has a 12-month low of $33.90 and a 12-month high of $55.10. The firm has a market capitalization of $846.54 million and a PE ratio of 19.01.
RMR Group (NYSE:RMR) last announced its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). The firm had revenue of $55.50 million for the quarter, compared to the consensus estimate of $54.65 million. RMR Group had a net margin of 31.72% and a return on equity of 18.72%. On average, analysts forecast that RMR Group will post $2.74 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of RMR. Marshall Wace North America L.P. bought a new position in shares of RMR Group during the second quarter valued at about $1,774,000. Dimensional Fund Advisors LP increased its holdings in shares of RMR Group by 26.7% in the first quarter. Dimensional Fund Advisors LP now owns 142,451 shares of the financial services provider’s stock worth $7,051,000 after buying an additional 29,980 shares during the period. Old Mutual Global Investors UK Ltd. increased its holdings in shares of RMR Group by 236.4% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 16,715 shares of the financial services provider’s stock worth $813,000 after buying an additional 11,746 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of RMR Group by 47.9% in the first quarter. TIAA CREF Investment Management LLC now owns 93,858 shares of the financial services provider’s stock worth $4,646,000 after buying an additional 30,388 shares during the period. Finally, Lucus Advisors LLC purchased a new position in shares of RMR Group in the first quarter worth about $413,000.
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.
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