RMR Group (NASDAQ:RMR) has been assigned a $61.00 target price by stock analysts at B. Riley in a report released on Tuesday. The brokerage presently has a “hold” rating on the financial services provider’s stock. B. Riley’s price target would indicate a potential downside of 6.08% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. TheStreet raised shares of RMR Group from a “c” rating to a “b-” rating in a research note on Tuesday, December 12th. BidaskClub raised shares of RMR Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 12th. Zacks Investment Research raised shares of RMR Group from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Thursday, January 4th. Finally, Oppenheimer reissued a “hold” rating on shares of RMR Group in a research note on Tuesday, December 12th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $62.00.

Shares of RMR Group (NASDAQ RMR) traded down $0.15 during trading on Tuesday, hitting $64.95. 26,700 shares of the company’s stock were exchanged, compared to its average volume of 25,179. The firm has a market capitalization of $987.18, a P/E ratio of 24.70 and a beta of -0.69. RMR Group has a 1-year low of $42.35 and a 1-year high of $65.59.

RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Tuesday, December 12th. The financial services provider reported $0.44 earnings per share for the quarter, topping 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%. analysts expect that RMR Group will post 1.97 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new stake in RMR Group during the 2nd quarter valued at about $211,000. Voya Investment Management LLC purchased a new stake in RMR Group during the 2nd quarter valued at about $218,000. Aperio Group LLC purchased a new stake in RMR Group during the 3rd quarter valued at about $264,000. First Trust Advisors LP purchased a new stake in RMR Group during the 3rd quarter valued at about $292,000. Finally, Dupont Capital Management Corp purchased a new stake in RMR Group during the 3rd quarter valued at about $293,000. 34.54% of the stock is owned by institutional investors and hedge funds.

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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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