RMR Group (NASDAQ:RMR) price target cut to $32.00 by Morgan Stanley analysts


The RMR Group (NASDAQ: RMRGet a rating) saw its price target lowered by Morgan Stanley from $39.00 to $32.00 in a research note released to investors on Monday, Benzinga reports. The company currently has an “equal weight” rating on shares of the financial services provider. Morgan Stanley’s price target suggests a potential upside of 10.96% from the current stock price.

A number of other equity analysts have also recently commented on the RMR. TheStreet downgraded The RMR Group from a “b-” rating to a “c+” rating in a Friday, February 4 research note. StockNews.com began covering the RMR group in a research note on Thursday, March 31. They issued a “buy” rating for the company. To finish, Zacks Investment Research upgraded the RMR group from a “sell” rating to a “hold” rating in a Friday, Jan. 7 research note. Four research analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.20.

Shares of NASDAQ RMR traded down $0.20 in midday trading on Monday, hitting $28.84. 247 shares of the company were traded, against an average volume of 73,730. The RMR group has a 52-week low of $27.81 and a 52-week high of $47.12. The stock has a market capitalization of $908.03 million, a PE ratio of 13.67 and a beta of 1.65. The company’s fifty-day moving average price is $30.01 and its two-hundred-day moving average price is $32.59.

The RMR Group (NASDAQ: RMRGet a rating) last announced its results on Thursday, January 27. The financial services provider reported earnings per share (EPS) of $0.46 for the quarter. The RMR Group posted a return on equity of 6.61% and a net margin of 5.51%. The company had revenue of $181.57 million for the quarter. During the same period a year earlier, the company posted earnings per share of $0.41. As a group, analysts expect RMR Group to post EPS of 1.91 for the current year.

A number of hedge funds have recently changed their holdings in the company. Two Sigma Advisers LP increased its stake in The RMR Group by 176.6% during the 3rd quarter. Two Sigma Advisers LP now owns 29,600 shares of the financial services provider valued at $990,000 after acquiring an additional 18,900 shares last quarter. Goldman Sachs Group Inc. increased its position in The RMR Group by 78.8% during the third quarter. Goldman Sachs Group Inc. now owns 51,056 shares of the financial services provider worth $1,707,000 after acquiring an additional 22,496 shares during the period. Citadel Advisors LLC increased its position in The RMR Group by 73.0% during the third quarter. Citadel Advisors LLC now owns 391,354 shares of the financial services provider worth $13,091,000 after acquiring an additional 165,110 shares during the period. UBS Asset Management Americas Inc. acquired a new position in The RMR Group during Q3 at a value of $263,000. Finally, Hancock Whitney Corp acquired a new position in The RMR Group during Q3 worth $451,000. Institutional investors hold 42.50% of the company’s shares.

RMR Group Company Profile (Get a rating)

The RMR Group Inc, through its subsidiary The RMR Group LLC, provides commercial and real estate management services in the United States. The company provides management services to its four publicly traded real estate investment trusts and three real estate operating companies. It also provides investment advisory services.

Further reading

Analyst Recommendations for RMR Group (NASDAQ: RMR)



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