RMR Group (NASDAQ:RMR) Downgraded by BidaskClub

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

RMR has been the subject of several other research reports. Zacks Investment Research upgraded shares of RMR Group from a sell rating to a hold rating in a research report on Tuesday, May 26th. Bank of America reduced their price objective on shares of RMR Group from $34.00 to $22.00 and set an underperform rating for the company in a research report on Monday, March 23rd. Citigroup lowered shares of RMR Group from a neutral rating to a sell rating in a research report on Monday, June 8th. B. Riley reduced their price objective on shares of RMR Group from $55.00 to $41.00 and set a buy rating for the company in a research note on Thursday, May 14th. Finally, Oppenheimer reaffirmed a hold rating on shares of RMR Group in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $43.90.

NASDAQ:RMR opened at $29.47 on Friday. RMR Group has a twelve month low of $21.79 and a twelve month high of $50.86. The company has a 50-day moving average of $29.14 and a 200-day moving average of $35.25. The firm has a market cap of $893.08 million, a price-to-earnings ratio of 16.02 and a beta of 1.35.

RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Monday, May 11th. The financial services provider reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $155.84 million. As a group, equities analysts forecast that RMR Group will post 1.89 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of RMR. Rhumbline Advisers lifted its position in shares of RMR Group by 2.0% in the fourth quarter. Rhumbline Advisers now owns 17,785 shares of the financial services provider’s stock worth $812,000 after purchasing an additional 350 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of RMR Group by 38.7% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,345 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 375 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of RMR Group by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,873 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 377 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of RMR Group by 1.7% in the fourth quarter. New York State Common Retirement Fund now owns 29,930 shares of the financial services provider’s stock worth $1,366,000 after purchasing an additional 500 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of RMR Group by 1.7% in the fourth quarter. Swiss National Bank now owns 29,092 shares of the financial services provider’s stock worth $1,328,000 after purchasing an additional 500 shares in the last quarter. 38.50% of the stock is owned by institutional investors.

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.

Further Reading: Options Trading

Analyst Recommendations for RMR Group (NASDAQ:RMR)

Receive News & Ratings for RMR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RMR Group and related companies with MarketBeat.com's FREE daily email newsletter.