Latest Stocks: FBR & Co Reaffirms “Mkt Perform” Rating for RMR Group Inc (RMR)

Latest Stocks: FBR & Co Reaffirms “Mkt Perform” Rating for RMR Group Inc (RMR)

RMR Group Inc (NYSE:RMR)‘s stock had its “mkt perform” rating reiterated by FBR & Co in a research report issued on Friday, May 12th. They presently have a $48.00 price target on the financial services provider’s stock, up from their previous price target of $44.00. FBR & Co’s price objective suggests a potential downside of 3.71% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Oppenheimer Holdings Inc. began coverage on RMR Group in a research report on Tuesday, April 18th. They set a “market perform” rating for the company. Zacks Investment Research downgraded RMR Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 13th. Finally, William Blair assumed coverage on RMR Group in a research report on Tuesday, January 17th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $59.33.

RMR Group (NYSE:RMR) opened at 49.85 on Friday. The stock’s 50 day moving average is $51.28 and its 200-day moving average is $47.26. The firm has a market capitalization of $802.29 million and a PE ratio of 18.01. RMR Group has a 52-week low of $28.32 and a 52-week high of $55.10. RMR Group (NYSE:RMR) last announced its quarterly earnings data on Wednesday, May 10th. The financial services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.01. The company had revenue of $54.30 million during the quarter, compared to analyst estimates of $52.79 million. Equities analysts expect that RMR Group will post $2.83 earnings per share for the current year.

Several large investors have recently modified their holdings of RMR. Vanguard Group Inc. boosted its stake 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 during the last quarter. Acadian Asset Management LLC boosted its stake 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 during the last quarter. State Street Corp boosted its stake 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 during the last quarter. Finally, Engine Capital Management LLC boosted its stake 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 during the last quarter. RMR Group Company Profile

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