Zacks Research Upgrades The RMR Group (NASDAQ:RMR) to Hold

The RMR Group (NASDAQ:RMR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also recently commented on RMR. LADENBURG THALM/SH SH assumed coverage on shares of The RMR Group in a research note on Wednesday, January 7th. They set a “buy” rating and a $17.00 target price for the company. Wall Street Zen raised shares of The RMR Group from a “sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of The RMR Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

The RMR Group Trading Down 1.6%

Shares of NASDAQ:RMR opened at $16.20 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.25 and a current ratio of 0.25. The stock’s 50-day moving average is $15.49 and its 200-day moving average is $15.94. The company has a market cap of $519.39 million, a P/E ratio of 15.43 and a beta of 0.96. The RMR Group has a 52-week low of $13.48 and a 52-week high of $20.03.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Wednesday, November 12th. The financial services provider reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The RMR Group had a return on equity of 4.60% and a net margin of 2.48%.The firm had revenue of $152.23 million during the quarter, compared to the consensus estimate of $210.10 million. Equities research analysts predict that The RMR Group will post 1.51 earnings per share for the current year.

Insider Buying and Selling at The RMR Group

In other The RMR Group news, major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of The RMR Group stock in a transaction dated Thursday, December 11th. The shares were acquired at an average cost of $8.65 per share, with a total value of $17,436,220.20. Following the acquisition, the insider directly owned 4,577,835 shares of the company’s stock, valued at $39,598,272.75. The trade was a 78.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 54.69% of the company’s stock.

Institutional Trading of The RMR Group

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of The RMR Group by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,616,140 shares of the financial services provider’s stock valued at $25,422,000 after buying an additional 6,439 shares during the last quarter. Nantahala Capital Management LLC raised its stake in shares of The RMR Group by 55.9% in the second quarter. Nantahala Capital Management LLC now owns 1,147,902 shares of the financial services provider’s stock worth $18,768,000 after acquiring an additional 411,700 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of The RMR Group by 0.6% during the third quarter. Federated Hermes Inc. now owns 514,321 shares of the financial services provider’s stock worth $8,090,000 after purchasing an additional 3,005 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of The RMR Group by 3.7% during the second quarter. Geode Capital Management LLC now owns 460,402 shares of the financial services provider’s stock worth $7,529,000 after purchasing an additional 16,239 shares in the last quarter. Finally, Garner Asset Management Corp grew its stake in shares of The RMR Group by 3.5% during the third quarter. Garner Asset Management Corp now owns 379,961 shares of the financial services provider’s stock valued at $5,985,000 after purchasing an additional 12,861 shares during the last quarter. Institutional investors own 42.31% of the company’s stock.

About The RMR Group

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.