RMR Group (RMR) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of RMR Group (NASDAQ:RMR) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday morning.

A number of other analysts also recently issued reports on the company. Zacks Investment Research raised RMR Group from a hold rating to a strong-buy rating and set a $69.00 target price for the company in a research report on Wednesday, February 14th. B. Riley began coverage on RMR Group in a research report on Friday, February 9th. They issued a hold rating and a $61.00 target price for the company. TheStreet raised RMR Group from a c rating to a b- rating in a research report on Tuesday, December 12th. Finally, Oppenheimer reissued a hold rating on shares of RMR Group in a research report on Tuesday, December 12th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. RMR Group currently has an average rating of Buy and an average target price of $62.25.

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NASDAQ:RMR opened at $73.90 on Wednesday. RMR Group has a 1 year low of $42.35 and a 1 year high of $74.40. The firm has a market capitalization of $2,302.87, a price-to-earnings ratio of 19.50 and a beta of -0.20.

RMR Group (NASDAQ:RMR) last released its earnings results on Thursday, February 8th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.11. RMR Group had a return on equity of 10.86% and a net margin of 23.35%. The business had revenue of $218.54 million during the quarter, compared to the consensus estimate of $206.85 million. equities analysts predict that RMR Group will post 2.51 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of RMR Group by 15.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,516 shares of the financial services provider’s stock worth $446,000 after acquiring an additional 1,008 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of RMR Group by 4.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 30,494 shares of the financial services provider’s stock worth $1,809,000 after acquiring an additional 1,248 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of RMR Group by 3.3% in the fourth quarter. Alliancebernstein L.P. now owns 40,702 shares of the financial services provider’s stock worth $2,414,000 after acquiring an additional 1,300 shares during the period. Dupont Capital Management Corp boosted its holdings in shares of RMR Group by 24.3% in the fourth quarter. Dupont Capital Management Corp now owns 7,090 shares of the financial services provider’s stock worth $420,000 after acquiring an additional 1,384 shares during the period. Finally, Aperio Group LLC boosted its holdings in shares of RMR Group by 32.3% in the fourth quarter. Aperio Group LLC now owns 6,805 shares of the financial services provider’s stock worth $404,000 after acquiring an additional 1,661 shares during the period. 17.89% of the stock is owned by hedge funds and other institutional investors.

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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 four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2017, the company had approximately 1,400 properties under management, which are primarily owned by its Managed Equity REITs.

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