RMR Group Inc (NASDAQ:RMR) Receives $54.67 Average Price Target from Analysts

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Shares of RMR Group Inc (NASDAQ:RMR) have received an average recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $54.00.

Several analysts have issued reports on the company. Oppenheimer raised RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research note on Monday, July 1st. S&P Equity Research raised RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research note on Monday, July 1st. They noted that the move was a valuation call. CIBC raised RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research note on Monday, July 1st. B. Riley dropped their price target on RMR Group from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Finally, BidaskClub downgraded RMR Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 21st.

RMR stock traded down $0.24 during midday trading on Friday, hitting $44.58. 196 shares of the company’s stock were exchanged, compared to its average volume of 100,405. The stock’s fifty day moving average price is $45.72 and its 200-day moving average price is $50.68. The company has a market cap of $1.40 billion, a PE ratio of 19.29 and a beta of 1.21. RMR Group has a one year low of $41.69 and a one year high of $84.98.

RMR Group (NASDAQ:RMR) last posted its earnings results on Friday, August 9th. The financial services provider reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). RMR Group had a return on equity of 15.50% and a net margin of 12.02%. The business had revenue of $143.72 million for the quarter, compared to the consensus estimate of $133.10 million. On average, analysts predict that RMR Group will post 4.81 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its position in shares of RMR Group by 104.3% in the first quarter. Bank of Montreal Can now owns 672 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 343 shares during the last quarter. US Bancorp DE increased its position in shares of RMR Group by 333.5% in the second quarter. US Bancorp DE now owns 698 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 537 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of RMR Group by 1,161.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,056 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 1,893 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of RMR Group in the second quarter valued at about $224,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of RMR Group by 69.6% in the second quarter. Public Employees Retirement System of Ohio now owns 4,857 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 1,994 shares during the last quarter. 47.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Average Daily Trade Volume – What You Need to Know

Analyst Recommendations for RMR Group (NASDAQ:RMR)

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