RMR Group (NASDAQ:RMR) Sees Strong Trading Volume

Shares of RMR Group Inc (NASDAQ:RMR) saw strong trading volume on Thursday . 2,283,086 shares were traded during trading, an increase of 2,421% from the previous session’s volume of 90,553 shares.The stock last traded at $43.96 and had previously closed at $42.14.

A number of equities research analysts recently weighed in on the stock. B. Riley assumed coverage on shares of RMR Group in a research report on Monday, May 13th. They set a “buy” rating and a $80.00 price objective for the company. Zacks Investment Research raised shares of RMR Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. ValuEngine lowered shares of RMR Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 7th. Oppenheimer reissued a “hold” rating on shares of RMR Group in a research note on Friday, April 12th. Finally, BidaskClub lowered shares of RMR Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $76.00.

The stock’s 50 day moving average price is $49.62. The stock has a market capitalization of $1.47 billion, a PE ratio of 20.16 and a beta of 1.36.

RMR Group (NASDAQ:RMR) last posted its earnings results on Friday, May 10th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). The firm had revenue of $130.10 million for the quarter, compared to analyst estimates of $141.12 million. RMR Group had a net margin of 14.31% and a return on equity of 16.42%. Sell-side analysts anticipate that RMR Group Inc will post 4.84 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in RMR Group by 1.0% during the 4th quarter. BlackRock Inc. now owns 487,772 shares of the financial services provider’s stock valued at $25,891,000 after purchasing an additional 4,719 shares during the period. Two Sigma Investments LP lifted its stake in shares of RMR Group by 116.1% in the 4th quarter. Two Sigma Investments LP now owns 6,458 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 3,469 shares during the period. Royce & Associates LP lifted its stake in shares of RMR Group by 21.4% in the 4th quarter. Royce & Associates LP now owns 87,540 shares of the financial services provider’s stock worth $4,647,000 after acquiring an additional 15,440 shares during the period. Quinn Opportunity Partners LLC lifted its stake in shares of RMR Group by 16.6% in the 1st quarter. Quinn Opportunity Partners LLC now owns 9,119 shares of the financial services provider’s stock worth $556,000 after acquiring an additional 1,300 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of RMR Group by 187.8% in the 4th quarter. Deutsche Bank AG now owns 42,678 shares of the financial services provider’s stock worth $2,262,000 after acquiring an additional 27,850 shares during the period. 17.87% of the stock is owned by hedge funds and other institutional investors.

RMR Group Company Profile (NASDAQ:RMR)

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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