The RMR Group (NASDAQ:RMR) Raised to Hold at Wall Street Zen

The RMR Group (NASDAQ:RMR) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Monday.

RMR has been the topic of several other reports. Zacks Research cut The RMR Group from a “hold” rating to a “strong sell” rating in a report on Monday, November 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of The RMR Group in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.00.

The RMR Group Stock Performance

Shares of NASDAQ RMR opened at $15.02 on Monday. The firm’s 50-day moving average price is $15.28 and its 200-day moving average price is $16.05. The RMR Group has a 52-week low of $13.48 and a 52-week high of $20.97. The company has a market cap of $481.54 million, a PE ratio of 14.30 and a beta of 0.97. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.05.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Wednesday, November 12th. The financial services provider reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The RMR Group had a net margin of 2.48% and a return on equity of 4.60%. The firm had revenue of $152.23 million during the quarter, compared to analysts’ expectations of $210.10 million. As a group, analysts anticipate that The RMR Group will post 1.51 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the completion of the transaction, the insider owned 4,577,835 shares of the company’s stock, valued at approximately $39,598,272.75. This trade represents a 78.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 54.85% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. PharVision Advisers LLC purchased a new position in shares of The RMR Group during the 3rd quarter valued at about $205,000. Quarry LP bought a new stake in The RMR Group during the 3rd quarter worth approximately $36,000. Alliancebernstein L.P. lifted its holdings in The RMR Group by 7.1% during the third quarter. Alliancebernstein L.P. now owns 21,097 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 1,400 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of The RMR Group by 18.3% in the third quarter. Schonfeld Strategic Advisors LLC now owns 16,980 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 2,630 shares during the period. Finally, Creative Planning bought a new position in shares of The RMR Group in the third quarter worth approximately $266,000. Institutional investors own 42.31% of the company’s stock.

The RMR Group Company Profile

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.