BidaskClub lowered shares of RMR Group (NASDAQ:RMR) from a hold rating to a sell rating in a report issued on Saturday, BidAskClub reports.

A number of other analysts have also commented on RMR. UBS Group lowered their price objective on RMR Group from $46.00 to $23.00 and set a neutral rating for the company in a research report on Thursday, May 14th. Citigroup lowered RMR Group from a neutral rating to a sell rating in a research report on Monday, June 8th. Oppenheimer reiterated a hold rating on shares of RMR Group in a research report on Monday, May 11th. Zacks Investment Research upgraded RMR Group from a sell rating to a hold rating in a research report on Tuesday, May 26th. Finally, B. Riley lowered their price objective on RMR Group from $55.00 to $41.00 and set a buy rating for the company in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $43.90.

RMR Group stock opened at $29.47 on Friday. The stock has a 50-day simple moving average of $29.14 and a 200 day simple moving average of $35.25. RMR Group has a 12-month low of $21.79 and a 12-month high of $50.86. The stock has a market capitalization of $893.08 million, a price-to-earnings ratio of 16.02 and a beta of 1.35.

RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Monday, May 11th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.07). RMR Group had a net margin of 4.99% and a return on equity of 6.56%. The business had revenue of $140.86 million during the quarter, compared to the consensus estimate of $155.84 million. Equities analysts predict that RMR Group will post 1.89 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in shares of RMR Group by 11.9% during the 4th quarter. Renaissance Technologies LLC now owns 620,016 shares of the financial services provider’s stock worth $28,298,000 after buying an additional 65,800 shares during the period. FMR LLC lifted its holdings in shares of RMR Group by 78.5% during the 4th quarter. FMR LLC now owns 538,984 shares of the financial services provider’s stock valued at $24,599,000 after purchasing an additional 237,025 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of RMR Group by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 322,826 shares of the financial services provider’s stock valued at $14,732,000 after purchasing an additional 9,642 shares in the last quarter. State Street Corp lifted its holdings in shares of RMR Group by 4.3% during the 4th quarter. State Street Corp now owns 303,840 shares of the financial services provider’s stock valued at $13,867,000 after purchasing an additional 12,547 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of RMR Group by 26.8% during the 4th quarter. Nuveen Asset Management LLC now owns 297,740 shares of the financial services provider’s stock valued at $13,589,000 after purchasing an additional 62,908 shares in the last quarter. Institutional investors own 38.50% of the company’s stock.

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 five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.

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Analyst Recommendations for RMR Group (NASDAQ:RMR)

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