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

Investment analysts at JMP Securities began coverage on shares of The RMR Group (NASDAQ:RMR) in a research report issued to clients and investors on Friday, StockNewsAPI reports. The firm set a “market perform” rating on the financial services provider’s stock.

RMR has been the topic of a number of other reports. StockNews.com lowered The RMR Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. TheStreet raised shares of The RMR Group from a “c+” rating to a “b-” rating in a research report on Tuesday, January 2nd.

The RMR Group Trading Up 0.4 %

NASDAQ RMR opened at $23.34 on Friday. The stock has a market cap of $740.11 million, a P/E ratio of 6.75 and a beta of 1.30. The company’s fifty day simple moving average is $23.85 and its 200-day simple moving average is $24.67. The RMR Group has a 52 week low of $20.79 and a 52 week high of $28.82.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. The company had revenue of $261.67 million during the quarter, compared to analysts’ expectations of $223.18 million. On average, research analysts expect that The RMR Group will post 1.92 EPS for the current fiscal year.

Institutional Trading of The RMR Group

A number of institutional investors and hedge funds have recently made changes to their positions in RMR. International Assets Investment Management LLC grew its stake in The RMR Group by 2,724.2% during the 4th quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock worth $26,000 after buying an additional 899 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of The RMR Group during the third quarter worth about $30,000. Tower Research Capital LLC TRC increased its holdings in shares of The RMR Group by 930.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,226 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 1,107 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in The RMR Group in the 2nd quarter valued at about $34,000. Finally, Asset Management One Co. Ltd. bought a new stake in The RMR Group in the 3rd quarter valued at about $56,000. 42.31% 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 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.