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

Investment analysts at JMP Securities assumed coverage on shares of The RMR Group (NASDAQ:RMR) in a note issued to investors on Friday, Marketbeat reports. The brokerage set a “market perform” rating on the financial services provider’s stock.

RMR has been the topic of several other research reports. StockNews.com lowered 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 report on Tuesday, January 2nd.

The RMR Group Stock Performance

Shares of RMR opened at $22.57 on Friday. The stock has a 50-day simple moving average of $23.79 and a 200-day simple moving average of $24.66. The stock has a market capitalization of $715.69 million, a PE ratio of 6.52 and a beta of 1.30. The RMR Group has a 1 year low of $20.79 and a 1 year high of $28.82.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $261.67 million during the quarter, compared to analysts’ expectations of $223.18 million. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. Analysts predict that The RMR Group will post 1.92 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of The RMR Group by 0.9% in the first quarter. Vanguard Group Inc. now owns 2,341,719 shares of the financial services provider’s stock valued at $72,827,000 after buying an additional 19,870 shares in the last quarter. BlackRock Inc. boosted its stake in shares of The RMR Group by 7.6% in the third quarter. BlackRock Inc. now owns 1,478,140 shares of the financial services provider’s stock valued at $35,019,000 after buying an additional 104,710 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of The RMR Group by 1.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 972,285 shares of the financial services provider’s stock valued at $25,513,000 after buying an additional 13,220 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of The RMR Group by 2.0% in the second quarter. Renaissance Technologies LLC now owns 426,614 shares of the financial services provider’s stock valued at $9,885,000 after buying an additional 8,500 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of The RMR Group by 8.4% in the first quarter. Royce & Associates LP now owns 398,738 shares of the financial services provider’s stock valued at $10,463,000 after buying an additional 31,000 shares in the last quarter. 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.