The RMR Group (NASDAQ:RMR) Downgraded to “Buy” at StockNews.com

The RMR Group (NASDAQ:RMRGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other research analysts have also recently commented on the company. Zacks Investment Research upgraded The RMR Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. TheStreet lowered shares of The RMR Group from a “b-” rating to a “c+” rating in a report on Friday, February 4th. Royal Bank of Canada decreased their price target on shares of The RMR Group from $36.00 to $32.00 in a research report on Friday, May 20th. Morgan Stanley cut their price target on shares of The RMR Group from $39.00 to $32.00 and set an “equal weight” rating on the stock in a report on Monday, April 25th. Finally, B. Riley increased their price objective on The RMR Group from $42.00 to $44.00 in a report on Friday, May 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $38.60.

RMR traded up $0.51 on Wednesday, hitting $28.67. 39,551 shares of the stock were exchanged, compared to its average volume of 76,725. The firm has a market capitalization of $902.67 million, a price-to-earnings ratio of 13.03 and a beta of 1.61. The RMR Group has a 12 month low of $26.82 and a 12 month high of $47.12. The business has a 50-day moving average of $29.22 and a two-hundred day moving average of $31.57.

The RMR Group (NASDAQ:RMRGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.09). The RMR Group had a net margin of 5.20% and a return on equity of 8.32%. During the same quarter last year, the company earned $0.37 EPS. On average, equities analysts expect that The RMR Group will post 2.05 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in The RMR Group by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,341,719 shares of the financial services provider’s stock worth $72,827,000 after acquiring an additional 19,870 shares in the last quarter. BlackRock Inc. increased its holdings in shares of The RMR Group by 0.4% during the first quarter. BlackRock Inc. now owns 1,325,799 shares of the financial services provider’s stock valued at $41,232,000 after acquiring an additional 4,845 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of The RMR Group by 8.3% during the third quarter. Renaissance Technologies LLC now owns 583,016 shares of the financial services provider’s stock worth $19,502,000 after purchasing an additional 44,500 shares during the period. Citadel Advisors LLC lifted its holdings in shares of The RMR Group by 73.0% in the 3rd quarter. Citadel Advisors LLC now owns 391,354 shares of the financial services provider’s stock worth $13,091,000 after purchasing an additional 165,110 shares in the last quarter. Finally, TCW Group Inc. grew its position in The RMR Group by 7.1% in the 1st quarter. TCW Group Inc. now owns 375,440 shares of the financial services provider’s stock valued at $11,676,000 after purchasing an additional 25,000 shares during the period. 42.77% of the stock is owned by institutional investors and hedge funds.

About The RMR Group (Get Rating)

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. The company provides management services to its four publicly traded real estate investment trusts and three real estate operating companies. It also provides investment advisory services.

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