Zacks Investment Research Downgrades RMR Group Inc (RMR) to Sell

RMR Group Inc (NYSE:RMR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, July 12th.

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. “

Several other equities research analysts have also recently weighed in on RMR. Canaccord Genuity began coverage on RMR Group in a report on Wednesday, May 31st. They issued a “buy” rating and a $72.00 target price for the company. Oppenheimer Holdings, Inc. began coverage on RMR Group in a research report on Tuesday, April 18th. They issued a “market perform” rating for the company. Finally, FBR & Co reissued a “mkt perform” rating and issued a $48.00 price target (up from $44.00) on shares of RMR Group in a research report on Friday, May 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. RMR Group currently has a consensus rating of “Hold” and an average target price of $59.33.

RMR Group (NYSE RMR) traded up 0.72% during midday trading on Wednesday, reaching $48.75. 42,110 shares of the company traded hands. The company has a market capitalization of $784.58 million and a price-to-earnings ratio of 17.61. The stock’s 50 day moving average is $49.39 and its 200 day moving average is $49.70. RMR Group has a one year low of $33.90 and a one year high of $55.10.

RMR Group (NYSE:RMR) last issued its earnings results on Wednesday, May 10th. The financial services provider reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. RMR Group had a return on equity of 19.25% and a net margin of 32.69%. The firm had revenue of $54.30 million during the quarter, compared to analysts’ expectations of $52.79 million. On average, equities analysts anticipate that RMR Group will post $2.83 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of RMR Group by 8.7% in the first quarter. Vanguard Group Inc. now owns 572,314 shares of the financial services provider’s stock valued at $28,330,000 after buying an additional 45,603 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of RMR Group by 8.0% in the first quarter. Acadian Asset Management LLC now owns 543,488 shares of the financial services provider’s stock valued at $26,903,000 after buying an additional 40,094 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of RMR Group by 26.7% in the first quarter. Dimensional Fund Advisors LP now owns 142,451 shares of the financial services provider’s stock valued at $7,051,000 after buying an additional 29,980 shares in the last quarter. State Street Corp raised its position in shares of RMR Group by 9.5% in the fourth quarter. State Street Corp now owns 129,860 shares of the financial services provider’s stock valued at $5,133,000 after buying an additional 11,266 shares in the last quarter. Finally, Engine Capital Management LLC raised its position in shares of RMR Group by 977.4% in the first quarter. Engine Capital Management LLC now owns 113,569 shares of the financial services provider’s stock valued at $5,622,000 after buying an additional 103,028 shares in the last quarter.

About RMR Group

The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.

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