RMR Group Inc (RMR) Receives $60.00 Consensus Price Target from Brokerages

Shares of RMR Group Inc (NYSE:RMR) have been given a consensus rating of “Buy” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $60.00.

A number of research firms recently commented on RMR. Zacks Investment Research raised shares of RMR Group from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, October 4th. Canaccord Genuity set a $72.00 price objective on shares of RMR Group and gave the stock a “buy” rating in a research note on Wednesday, August 9th. BidaskClub lowered shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, FBR & Co reaffirmed a “neutral” rating and issued a $51.00 price objective (up previously from $50.00) on shares of RMR Group in a research note on Monday, October 2nd.

Shares of RMR Group (RMR) traded up 0.66% on Friday, reaching $53.45. The company’s stock had a trading volume of 23,421 shares. RMR Group has a 1-year low of $33.90 and a 1-year high of $55.10. The stock has a market capitalization of $860.22 million and a PE ratio of 19.32. The stock has a 50-day moving average of $50.40 and a 200 day moving average of $50.00.

RMR Group (NYSE:RMR) last posted its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). RMR Group had a return on equity of 18.72% and a net margin of 31.72%. The firm had revenue of $55.50 million during the quarter, compared to analyst estimates of $54.65 million. On average, equities analysts forecast that RMR Group will post $2.74 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in RMR Group by 114.3% in the 1st quarter. Russell Investments Group Ltd. now owns 60,016 shares of the financial services provider’s stock worth $2,971,000 after buying an additional 32,007 shares in the last quarter. Wells Fargo & Company MN lifted its position in RMR Group by 189.9% in the 1st quarter. Wells Fargo & Company MN now owns 26,809 shares of the financial services provider’s stock worth $1,327,000 after buying an additional 17,562 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in RMR Group in the 1st quarter worth approximately $208,000. Bank of New York Mellon Corp lifted its position in RMR Group by 49.6% in the 1st quarter. Bank of New York Mellon Corp now owns 39,444 shares of the financial services provider’s stock worth $1,951,000 after buying an additional 13,074 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in RMR Group by 348.8% in the 1st quarter. Prudential Financial Inc. now owns 62,097 shares of the financial services provider’s stock worth $3,074,000 after buying an additional 48,260 shares in the last quarter.

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About RMR Group

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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