The RMR Group (NASDAQ:RMR) Now Covered by Analysts at Maxim Group

Key Points

• Maxim Group initiated coverage of The RMR Group with a “buy” rating and a $26 price target, implying 46.81% upside from the prior close.
• Analyst sentiment is broadly positive, with three Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $21.33.
• RMR’s latest quarterly results were mixed: revenue exceeded estimates at $153.51 million, but earnings per share of $0.15 fell short of the $0.16 consensus forecast.

Stock analysts at Maxim Group began coverage on shares of The RMR Group (NASDAQ:RMR - Get Free Report) in a research note issued on Friday, Briefing.com reports. The brokerage set a "buy" rating and a $26.00 price target on the financial services provider's stock. Maxim Group's target price would indicate a potential upside of 46.81% from the company's previous close.

Separately, Weiss Ratings lowered The RMR Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.33.

The RMR Group Trading Up 0.5%

NASDAQ RMR opened at $17.71 on Friday. The company has a market capitalization of $568.14 million, a price-to-earnings ratio of 15.54 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.24 and a quick ratio of 0.24. The RMR Group has a 12 month low of $14.27 and a 12 month high of $21.45. The company's fifty day moving average price is $19.10 and its two-hundred day moving average price is $19.02.

The RMR Group (NASDAQ:RMR - Get Free Report) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The RMR Group had a return on equity of 2.96% and a net margin of 3.10%.The company had revenue of $153.51 million during the quarter, compared to the consensus estimate of $147.60 million. As a group, research analysts predict that The RMR Group will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of The RMR Group

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in The RMR Group by 76.1% in the first quarter. Bank of America Corp DE now owns 941,252 shares of the financial services provider's stock worth $14,561,000 after acquiring an additional 406,888 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of The RMR Group by 139,802.2% during the second quarter. NewEdge Advisors LLC now owns 64,355 shares of the financial services provider's stock valued at $1,321,000 after purchasing an additional 64,309 shares during the last quarter. Globeflex Capital L P bought a new position in shares of The RMR Group during the second quarter valued at approximately $852,000. Principal Financial Group Inc. acquired a new stake in shares of The RMR Group during the 1st quarter worth approximately $636,000. Finally, Aviance Capital Partners LLC raised its position in shares of The RMR Group by 41.7% during the 1st quarter. Aviance Capital Partners LLC now owns 90,134 shares of the financial services provider's stock worth $1,394,000 after purchasing an additional 26,536 shares during the period. Institutional investors own 42.31% of the company's stock.

About The RMR Group

The RMR Group Inc is an alternative asset management company that provides management services to publicly traded and private real estate companies. Its platform supports businesses that own and operate commercial real estate, including office, industrial, healthcare, senior living, hotel, and other property types.

RMR's services include property and asset management, leasing, acquisitions and dispositions, development and redevelopment, construction management, financing support, and strategic planning.

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