RMR Group (RMR) Rating Increased to Hold at BidaskClub

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RMR Group (NASDAQ:RMR) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of RMR Group from a “strong sell” rating to a “hold” rating and set a $74.00 price target for the company in a report on Tuesday, February 5th. B. Riley set a $89.00 price target on shares of RMR Group and gave the company a “buy” rating in a report on Tuesday, January 29th. TheStreet upgraded shares of RMR Group from a “c+” rating to a “b” rating in a report on Friday, January 25th. Finally, ValuEngine lowered shares of RMR Group from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $81.50.

RMR Group stock traded up $1.23 during trading hours on Wednesday, hitting $75.99. The company had a trading volume of 64,300 shares, compared to its average volume of 44,759. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 32.61 and a beta of 1.31. RMR Group has a 1 year low of $51.80 and a 1 year high of $98.00.

RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Thursday, February 7th. The financial services provider reported $3.22 EPS for the quarter, meeting the consensus estimate of $3.22. RMR Group had a net margin of 16.52% and a return on equity of 17.44%. The business had revenue of $280.31 million during the quarter, compared to analyst estimates of $181.62 million. On average, research analysts predict that RMR Group will post 5 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in shares of RMR Group by 5.1% during the 4th quarter. Legal & General Group Plc now owns 3,483 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 168 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of RMR Group by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 5,498 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 215 shares in the last quarter. Martingale Asset Management L P raised its stake in shares of RMR Group by 1.5% during the 3rd quarter. Martingale Asset Management L P now owns 34,184 shares of the financial services provider’s stock worth $3,173,000 after acquiring an additional 499 shares in the last quarter. Convergence Investment Partners LLC raised its stake in shares of RMR Group by 9.4% during the 4th quarter. Convergence Investment Partners LLC now owns 6,217 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 533 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of RMR Group by 0.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 62,438 shares of the financial services provider’s stock worth $3,317,000 after acquiring an additional 541 shares in the last quarter. Hedge funds and other institutional investors own 18.29% of the company’s stock.

About RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.

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