RMR Group (RMR) Earns Hold Rating from Analysts at B. Riley

Investment analysts at B. Riley began coverage on shares of RMR Group (NASDAQ:RMR) in a research note issued on Friday. The firm set a “hold” rating and a $61.00 price target on the financial services provider’s stock. B. Riley’s target price would suggest a potential upside of 4.81% from the company’s previous close. B. Riley also issued estimates for RMR Group’s Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.62 EPS, Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.64 EPS, Q1 2020 earnings at $0.72 EPS and FY2020 earnings at $2.77 EPS.

Several other brokerages have also recently weighed in on RMR. Zacks Investment Research cut RMR Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub cut RMR Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 4th. Oppenheimer reaffirmed a “hold” rating on shares of RMR Group in a research note on Tuesday, December 12th. Finally, TheStreet raised RMR Group from a “c” rating to a “b-” rating in a research note on Tuesday, December 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $63.50.

RMR Group (RMR) traded up $1.75 during trading hours on Friday, hitting $58.20. The stock had a trading volume of 55,271 shares, compared to its average volume of 35,840. RMR Group has a 12 month low of $42.35 and a 12 month high of $67.90. The company has a market capitalization of $855.91, a PE ratio of 10.47 and a beta of -0.51.

RMR Group (NASDAQ:RMR) last announced its earnings results on Thursday, February 8th. The financial services provider reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.11. RMR Group had a return on equity of 12.12% and a net margin of 23.35%. The business had revenue of $218.54 million during the quarter, compared to analysts’ expectations of $206.85 million. research analysts expect that RMR Group will post 1.97 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in RMR. Opus Capital Group LLC purchased a new stake in shares of RMR Group during the fourth quarter valued at $3,559,000. FMR LLC lifted its holdings in shares of RMR Group by 114.5% during the second quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock valued at $3,018,000 after purchasing an additional 33,115 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 valued at $10,291,000 after purchasing an additional 29,686 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in shares of RMR Group during the fourth quarter valued at $1,580,000. Finally, Chicago Equity Partners LLC purchased a new stake in shares of RMR Group during the third quarter valued at $924,000. 34.27% of the stock is owned by institutional investors and hedge funds.

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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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