Rhumbline Advisers raised its stake in RMR Group Inc (NYSE:RMR) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,081 shares of the financial services provider’s stock after acquiring an additional 466 shares during the period. Rhumbline Advisers owned 0.05% of RMR Group worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in RMR Group by 8.7% in the first quarter. Vanguard Group Inc. now owns 572,314 shares of the financial services provider’s stock valued at $28,330,000 after acquiring an additional 45,603 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 valued at $7,051,000 after acquiring an additional 29,980 shares in the last quarter. Engine Capital Management LLC boosted its stake in RMR Group by 977.4% in the first quarter. Engine Capital Management LLC now owns 113,569 shares of the financial services provider’s stock valued at $5,622,000 after acquiring an additional 103,028 shares in the last quarter. Geode Capital Management LLC boosted its stake in RMR Group by 19.2% in the first quarter. Geode Capital Management LLC now owns 97,314 shares of the financial services provider’s stock valued at $4,816,000 after acquiring an additional 15,686 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in 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 valued at $4,646,000 after acquiring an additional 30,388 shares in the last quarter.

RMR Group Inc (NYSE RMR) opened at 52.90 on Friday. RMR Group Inc has a 1-year low of $33.90 and a 1-year high of $55.10. The firm has a 50-day moving average of $50.24 and a 200 day moving average of $49.97. The firm has a market cap of $851.37 million and a P/E ratio of 19.12.

RMR Group (NYSE:RMR) last released its earnings results on Wednesday, August 9th. The financial services provider reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). The company had revenue of $55.50 million during the quarter, compared to the consensus estimate of $54.65 million. RMR Group had a return on equity of 18.72% and a net margin of 31.72%. On average, analysts predict that RMR Group Inc will post $2.74 EPS for the current year.

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Several research firms have issued reports on RMR. FBR & Co restated a “neutral” rating and issued a $51.00 price objective (up previously from $50.00) on shares of RMR Group in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of RMR Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Canaccord Genuity set a $72.00 price objective on shares of RMR Group and gave the company a “buy” rating in a research note on Wednesday, June 28th. Finally, BidaskClub downgraded shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. RMR Group presently has a consensus rating of “Buy” and an average price target of $60.00.

RMR Group 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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Institutional Ownership by Quarter for RMR Group (NYSE:RMR)

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