RMR Group (NASDAQ:RMR) Upgraded by BidaskClub to Strong-Buy

BidaskClub upgraded shares of RMR Group (NASDAQ:RMR) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday, March 21st.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of RMR Group from a hold rating to a buy rating and set a $67.00 price objective for the company in a research report on Thursday, January 4th. B. Riley set a $61.00 price objective on shares of RMR Group and gave the stock a hold rating in a research report on Tuesday, January 23rd. Oppenheimer reissued a hold rating on shares of RMR Group in a research report on Tuesday, December 12th. Finally, TheStreet raised shares of RMR Group from a c rating to a b- rating in a research report on Tuesday, December 12th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $62.25.

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RMR traded up $0.45 during trading on Wednesday, reaching $76.70. 37,390 shares of the stock were exchanged, compared to its average volume of 47,324. RMR Group has a twelve month low of $42.35 and a twelve month high of $77.20. The company has a market cap of $2,352.73, a price-to-earnings ratio of 20.18 and a beta of -0.20.

RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.11. RMR Group had a net margin of 23.35% and a return on equity of 10.86%. The firm had revenue of $218.54 million during the quarter, compared to analysts’ expectations of $206.85 million. analysts predict that RMR Group will post 2.51 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in RMR. The Manufacturers Life Insurance Company lifted its position in RMR Group by 8.9% during the second quarter. The Manufacturers Life Insurance Company now owns 6,194 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 506 shares during the period. First Trust Advisors LP acquired a new stake in RMR Group during the 3rd quarter valued at approximately $292,000. Aperio Group LLC acquired a new stake in RMR Group during the 3rd quarter valued at approximately $264,000. Prudential Financial Inc. increased its position in RMR Group by 17.0% during the 3rd quarter. Prudential Financial Inc. now owns 78,597 shares of the financial services provider’s stock valued at $4,036,000 after purchasing an additional 11,400 shares during the period. Finally, Sei Investments Co. increased its position in RMR Group by 53.1% during the 3rd quarter. Sei Investments Co. now owns 9,357 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 3,247 shares during the period. 17.89% of the stock is owned by institutional investors.

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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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