RMR Group Inc (RMR) Given Average Rating of “Hold” by Analysts
RMR Group Inc (NASDAQ:RMR) has earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $58.00.
RMR has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub downgraded shares of RMR Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 4th. Oppenheimer reissued a “hold” rating on shares of RMR Group in a research note on Tuesday, December 12th. TheStreet upgraded shares of RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. Finally, FBR & Co restated a “neutral” rating and issued a $51.00 price target (up from $50.00) on shares of RMR Group in a report on Monday, October 2nd.
RMR Group (NASDAQ:RMR) opened at $62.95 on Monday. RMR Group has a 52 week low of $39.10 and a 52 week high of $63.30. The firm has a market cap of $954.58, a price-to-earnings ratio of 23.94 and a beta of -0.69.
A number of large investors have recently bought and sold shares of RMR. FMR LLC grew its holdings in RMR Group by 114.5% in the second quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock worth $3,018,000 after purchasing an additional 33,115 shares during the period. Dimensional Fund Advisors LP grew its holdings in RMR Group by 17.4% in the third quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock worth $10,291,000 after purchasing an additional 29,686 shares during the period. Confluence Investment Management LLC acquired a new stake in RMR Group in the fourth quarter worth $1,580,000. Chicago Equity Partners LLC acquired a new stake in RMR Group in the third quarter worth $924,000. Finally, Old Mutual Global Investors UK Ltd. grew its holdings in RMR Group by 93.0% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 32,264 shares of the financial services provider’s stock worth $1,656,000 after purchasing an additional 15,549 shares during the period. Institutional investors and hedge funds own 34.54% of the company’s stock.
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About RMR Group
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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