Oppenheimer lowered shares of RMR Group (NASDAQ:RMR) from an outperform rating to a market perform rating in a research report released on Monday morning, BenzingaRatingsTable reports.

Several other equities research analysts have also recently weighed in on the stock. Bank of America reduced their price target on shares of RMR Group from $34.00 to $22.00 and set an underperform rating on the stock in a research report on Monday. Royal Bank of Canada started coverage on shares of RMR Group in a research report on Thursday, December 12th. They issued a sector perform rating and a $49.00 price target on the stock. Zacks Investment Research upgraded shares of RMR Group from a sell rating to a hold rating in a research report on Friday, March 20th. B. Riley reduced their price target on shares of RMR Group from $66.00 to $63.00 and set a buy rating on the stock in a research report on Friday, February 7th. Finally, BidaskClub cut shares of RMR Group from a sell rating to a strong sell rating in a research report on Saturday, February 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $48.40.

RMR Group stock opened at $27.56 on Monday. The stock has a market cap of $725.22 million, a P/E ratio of 14.13 and a beta of 1.32. RMR Group has a 1 year low of $21.79 and a 1 year high of $65.00. The firm’s 50 day moving average price is $36.16 and its 200-day moving average price is $43.59.

RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). RMR Group had a net margin of 5.37% and a return on equity of 6.68%. The company had revenue of $159.89 million for the quarter, compared to the consensus estimate of $160.57 million. Sell-side analysts expect that RMR Group will post 2.22 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC purchased a new stake in shares of RMR Group during the fourth quarter valued at $26,000. FIL Ltd purchased a new stake in shares of RMR Group during the fourth quarter valued at $27,000. Advisory Services Network LLC boosted its stake in shares of RMR Group by 324.8% during the fourth quarter. Advisory Services Network LLC now owns 1,045 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 799 shares during the period. Verus Capital Partners LLC purchased a new stake in shares of RMR Group during the fourth quarter valued at $53,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of RMR Group during the fourth quarter valued at $76,000. 40.68% of the stock is owned by hedge funds and other institutional investors.

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 five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.

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Analyst Recommendations for RMR Group (NASDAQ:RMR)

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