RMR Group (RMR) Rating Lowered to Hold at BidaskClub

RMR Group (NASDAQ:RMR) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other research firms have also issued reports on RMR. Zacks Investment Research raised RMR Group from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Saturday, January 27th. B. Riley set a $61.00 target price on RMR Group and gave the company a “hold” rating in a report on Tuesday, January 23rd. TheStreet raised RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. Finally, Oppenheimer reissued a “hold” rating on shares of RMR Group in a report on Tuesday, December 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $63.50.

RMR Group (RMR) opened at $57.50 on Tuesday. The stock has a market capitalization of $934.00, a P/E ratio of 35.00 and a beta of -0.51. RMR Group has a twelve month low of $42.35 and a twelve month high of $67.90.

RMR Group (NASDAQ:RMR) last released its earnings results on Tuesday, December 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.12. RMR Group had a return on equity of 11.27% and a net margin of 15.56%. research analysts anticipate that RMR Group will post 1.97 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in RMR. Opus Capital Group LLC acquired a new position in RMR Group during the fourth quarter worth $3,559,000. FMR LLC grew its holdings in RMR Group by 114.5% during the second quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock worth $3,018,000 after acquiring an additional 33,115 shares during the period. Dimensional Fund Advisors LP grew its holdings in RMR Group by 17.4% during the third quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock worth $10,291,000 after acquiring an additional 29,686 shares during the period. Confluence Investment Management LLC acquired a new position in RMR Group during the fourth quarter worth $1,580,000. Finally, Chicago Equity Partners LLC acquired a new position in RMR Group during the third quarter worth $924,000. 34.27% of the stock is currently owned by hedge funds and other institutional investors.

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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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