B. Riley Financial Issues Pessimistic Forecast for The RMR Group (NASDAQ:RMR) Stock Price

The RMR Group (NASDAQ:RMR) had its price target decreased by research analysts at B. Riley Financial from $24.00 to $21.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. B. Riley Financial’s price target points to a potential upside of 33.00% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Zacks Research downgraded shares of The RMR Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 13th. Weiss Ratings upgraded shares of The RMR Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, February 5th. Wall Street Zen raised shares of The RMR Group from a “sell” rating to a “hold” rating in a report on Monday, December 22nd. Finally, LADENBURG THALM/SH SH assumed coverage on shares of The RMR Group in a research report on Wednesday, January 7th. They set a “buy” rating and a $17.00 target price on the stock. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.00.

The RMR Group Trading Down 2.5%

Shares of RMR stock opened at $15.79 on Tuesday. The RMR Group has a 12 month low of $13.48 and a 12 month high of $18.09. The company has a market capitalization of $506.23 million, a P/E ratio of 11.44 and a beta of 0.93. The stock has a 50 day moving average of $16.43 and a two-hundred day moving average of $15.86.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $180.42 million for the quarter, compared to analysts’ expectations of $214.10 million. The RMR Group had a return on equity of 4.03% and a net margin of 3.52%. Sell-side analysts predict that The RMR Group will post 1.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RMR. NewEdge Advisors LLC lifted its holdings in shares of The RMR Group by 313.1% during the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,124 shares during the period. New York State Common Retirement Fund grew its holdings in shares of The RMR Group by 538.5% in the 3rd 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. increased its position in shares of The RMR Group by 1,307.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,773 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,647 shares in the last quarter. Quarry LP acquired a new stake in shares of The RMR Group during the 3rd quarter worth about $36,000. Finally, State of Alaska Department of Revenue bought a new position in The RMR Group during the 4th quarter valued at about $41,000. 42.31% of the stock is currently owned by institutional investors and hedge funds.

The RMR Group Company Profile

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.