Somewhat Favorable News Coverage Somewhat Unlikely to Impact RMR Group (RMR) Share Price
Headlines about RMR Group (NYSE:RMR) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. RMR Group earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.6007482981432 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of brokerages recently issued reports on RMR. BidaskClub upgraded RMR Group from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research upgraded RMR Group from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a report on Wednesday, October 4th. FBR & Co restated a “neutral” rating and issued a $51.00 target price (up from $50.00) on shares of RMR Group in a report on Monday, October 2nd. Finally, Canaccord Genuity set a $68.00 target price on RMR Group and gave the stock a “buy” rating in a report on Tuesday, August 15th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $60.00.
RMR Group (NYSE RMR) opened at 53.60 on Thursday. The stock’s 50 day moving average price is $50.72 and its 200-day moving average price is $50.06. The stock has a market cap of $862.64 million and a P/E ratio of 19.37. RMR Group has a one year low of $33.90 and a one year high of $55.10.
RMR Group (NYSE:RMR) last released its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02). RMR Group had a net margin of 31.72% and a return on equity of 18.72%. The firm had revenue of $55.50 million during the quarter, compared to the consensus estimate of $54.65 million. On average, analysts predict that RMR Group will post $2.74 earnings per share for the current year.
RMR Group Company Profile
The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.
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