The RMR Group (NASDAQ:RMR) Now Covered by Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH started coverage on shares of The RMR Group (NASDAQ:RMR) in a research report sent to investors on Wednesday, MarketBeat reports. The brokerage issued a buy rating and a $17.00 price target on the financial services provider’s stock.

Several other equities research analysts have also commented on RMR. Weiss Ratings reiterated a “sell (d+)” rating on shares of The RMR Group in a research report on Monday, December 29th. Zacks Research cut shares of The RMR Group from a “hold” rating to a “strong sell” rating in a research report on Monday, November 24th. Finally, Wall Street Zen raised shares of The RMR Group from a “sell” rating to a “hold” rating in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.50.

The RMR Group Stock Performance

RMR opened at $16.08 on Wednesday. The RMR Group has a 1-year low of $13.48 and a 1-year high of $20.03. The stock has a market cap of $515.52 million, a P/E ratio of 15.31 and a beta of 0.96. The stock’s 50 day simple moving average is $15.34 and its 200 day simple moving average is $15.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.25 and a quick ratio of 0.25.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Wednesday, November 12th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $152.23 million during the quarter, compared to analysts’ expectations of $210.10 million. The RMR Group had a return on equity of 4.60% and a net margin of 2.48%. As a group, equities analysts anticipate that The RMR Group will post 1.51 EPS for the current fiscal year.

Insider Activity at The RMR Group

In other news, major shareholder Tremont Realty Capital Llc purchased 2,015,748 shares of the stock in a transaction dated Thursday, December 11th. The stock was acquired at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the completion of the acquisition, the insider directly owned 4,577,835 shares in the company, valued at $39,598,272.75. This represents a 78.68% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 54.85% of the stock is currently owned by company insiders.

Institutional Trading of The RMR Group

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in The RMR Group by 313.1% in the 1st quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 1,124 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of The RMR Group by 538.5% during the third quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,400 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of The RMR Group by 1,307.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,773 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,647 shares during the period. Quarry LP purchased a new stake in The RMR Group in the 3rd quarter valued at about $36,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of The RMR Group by 442.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 2,513 shares during the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

About The RMR Group

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.