The RMR Group (NASDAQ:RMR) Coverage Initiated by Analysts at JMP Securities

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

Several other research analysts have also recently weighed in on RMR. StockNews.com cut The RMR Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. TheStreet raised The RMR Group from a “c+” rating to a “b-” rating in a research note on Tuesday, January 2nd.

The RMR Group Price Performance

The RMR Group stock opened at $23.34 on Friday. The RMR Group has a 1-year low of $20.79 and a 1-year high of $28.82. The business has a fifty day moving average price of $23.85 and a 200-day moving average price of $24.67. The stock has a market capitalization of $740.11 million, a price-to-earnings ratio of 6.75 and a beta of 1.30.

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

Institutional Investors Weigh In On The RMR Group

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of 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 purchasing an additional 899 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in The RMR Group in the 2nd quarter valued at about $34,000. Tower Research Capital LLC TRC lifted its position in The RMR Group by 930.3% in the first quarter. Tower Research Capital LLC TRC now owns 1,226 shares of the financial services provider’s stock valued at $32,000 after buying an additional 1,107 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of The RMR Group in the 3rd quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of The RMR Group in the 4th quarter worth approximately $62,000. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

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.