The RMR Group (NASDAQ:RMR) Rating Increased to Buy at Zacks Investment Research

Last updated on Thursday, July 22, 2021 | 2021 MarketBeat

The RMR Group (NASDAQ:RMR) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a note issued to investors on Thursday, Zacks.com reports. The brokerage currently has a $43.00 target price on the financial services provider's stock. Zacks Investment Research's price objective indicates a potential upside of 10.54% from the stock's previous close.

According to Zacks, "The RMR Group Inc. primarily provides management services to publicly owned real estate investment trusts and real estate operating companies. The RMR Group Inc. is headquartered in Newton, MA. "

RMR has been the subject of several other research reports. BTIG Research reaffirmed a "buy" rating on shares of The RMR Group in a research note on Sunday, April 25th. TheStreet downgraded shares of The RMR Group from a "b-" rating to a "c" rating in a research note on Monday, May 10th. Finally, Morgan Stanley lifted their price target on shares of The RMR Group from $40.00 to $41.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 20th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. The RMR Group presently has an average rating of "Buy" and a consensus price target of $43.40.

Shares of NASDAQ RMR opened at $38.90 on Thursday. The company has a market capitalization of $1.22 billion, a P/E ratio of 24.31 and a beta of 1.69. The RMR Group has a 1 year low of $25.10 and a 1 year high of $44.16. The stock has a 50-day moving average price of $39.31.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Friday, May 7th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.41 by ($0.04). The firm had revenue of $131.56 million during the quarter, compared to the consensus estimate of $153.02 million. The RMR Group had a return on equity of 4.71% and a net margin of 4.63%. Equities research analysts predict that The RMR Group will post 1.69 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RMR. Nisa Investment Advisors LLC purchased a new position in The RMR Group in the first quarter worth $82,000. BNP Paribas Arbitrage SA grew its holdings in shares of The RMR Group by 20.6% during the first quarter. BNP Paribas Arbitrage SA now owns 2,882 shares of the financial services provider's stock valued at $118,000 after buying an additional 492 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of The RMR Group during the first quarter valued at $200,000. Avestar Capital LLC purchased a new stake in shares of The RMR Group during the first quarter valued at $237,000. Finally, Ergoteles LLC purchased a new stake in shares of The RMR Group during the first quarter valued at $278,000. 38.75% of the stock is currently owned by institutional investors and hedge funds.

The 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 four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2020, it had approximately 2,100 properties in 47 states under management, which are primarily owned by the Managed Equity REITs.

Featured Story: What is the Russell 2000 Index?

Get a free copy of the Zacks research report on The RMR Group (RMR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for The RMR Group (NASDAQ:RMR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in The RMR Group right now?

Before you consider The RMR Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The RMR Group wasn't on the list.

While The RMR Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.