Weiss Ratings Reaffirms Hold (C-) Rating for The RMR Group (NASDAQ:RMR)

Key Points

• The RMR Group's stock has received a reaffirmed hold (C-) rating from Weiss Ratings, reflecting analysts' cautious outlook on the company.
• The company's stock closed at $14.90, down 0.8%, with a market capitalization of $474.86 million and a 12-month high of $26.06.
• Recent institutional investments have seen significant growth, with NewEdge Advisors increasing its stake by 313.1% and GAMMA Investing growing its stake by an astonishing 20,880.0% during recent quarters.

The RMR Group (NASDAQ:RMR - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

The RMR Group Stock Down 0.8%

Shares of The RMR Group stock opened at $14.90 on Wednesday. The firm has a market capitalization of $474.86 million, a PE ratio of 12.74 and a beta of 1.19. The RMR Group has a 12-month low of $13.48 and a 12-month high of $26.06. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.11. The stock's fifty day moving average is $16.37 and its 200-day moving average is $16.02.

The RMR Group (NASDAQ:RMR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $154.73 million for the quarter, compared to analyst estimates of $201.80 million. The RMR Group had a return on equity of 5.01% and a net margin of 2.56%. Equities analysts anticipate that The RMR Group will post 1.51 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its position in The RMR Group by 313.1% during the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider's stock valued at $25,000 after buying an additional 1,124 shares during the period. PNC Financial Services Group Inc. raised its position in The RMR Group by 1,307.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,773 shares of the financial services provider's stock valued at $29,000 after buying an additional 1,647 shares during the period. GAMMA Investing LLC grew its stake in The RMR Group by 20,880.0% in the first quarter. GAMMA Investing LLC now owns 2,098 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 2,088 shares in the last quarter. AlphaQuest LLC grew its stake in The RMR Group by 131.3% in the first quarter. AlphaQuest LLC now owns 2,406 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Strs Ohio purchased a new position in The RMR Group in the first quarter valued at about $50,000. 42.31% of the stock is owned by institutional investors and hedge funds.

About The RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.

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