RMR Group (NASDAQ:RMR) reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $77.20 and last traded at $76.30, with a volume of 15146 shares traded. The stock had previously closed at $76.25.
Several equities research analysts have issued reports on RMR shares. B. Riley set a $55.00 target price on RMR Group and gave the stock a “hold” rating in a research note on Wednesday, December 13th. BidaskClub raised RMR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research raised RMR Group from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Thursday, January 4th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. RMR Group presently has a consensus rating of “Buy” and a consensus price target of $62.25.
The company has a market capitalization of $2,352.73, a PE ratio of 20.24 and a beta of -0.20.
RMR Group (NASDAQ:RMR) last posted its earnings results on Thursday, February 8th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $218.54 million during the quarter, compared to analysts’ expectations of $206.85 million. sell-side analysts predict that RMR Group will post 2.51 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of RMR. Engine Capital Management LLC grew its stake in shares of RMR Group by 718.5% in the fourth quarter. Engine Capital Management LLC now owns 89,541 shares of the financial services provider’s stock valued at $5,310,000 after buying an additional 78,601 shares in the last quarter. Opus Capital Group LLC acquired a new stake in shares of RMR Group in the fourth quarter valued at $3,559,000. Renaissance Technologies LLC grew its stake in shares of RMR Group by 31.1% in the fourth quarter. Renaissance Technologies LLC now owns 190,900 shares of the financial services provider’s stock valued at $11,320,000 after buying an additional 45,300 shares in the last quarter. Capital Analysts LLC boosted its holdings in RMR Group by 93,903.1% in the fourth quarter. Capital Analysts LLC now owns 30,081 shares of the financial services provider’s stock valued at $4,534,000 after purchasing an additional 30,049 shares during the period. Finally, Dimensional Fund Advisors LP boosted 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 valued at $10,291,000 after purchasing an additional 29,686 shares during the period. 17.89% of the stock is owned by institutional investors and hedge funds.
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RMR Group Company Profile
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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