RMR Group Inc (RMR) Holdings Raised by Prudential Financial Inc.
Prudential Financial Inc. raised its stake in shares of RMR Group Inc (NYSE:RMR) by 8.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,197 shares of the financial services provider’s stock after acquiring an additional 5,100 shares during the period. Prudential Financial Inc. owned approximately 0.45% of RMR Group worth $3,269,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in RMR. State Board of Administration of Florida Retirement System acquired a new stake in shares of RMR Group during the first quarter valued at about $208,000. American International Group Inc. increased its position in shares of RMR Group by 7.1% during the first quarter. American International Group Inc. now owns 4,261 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 281 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of RMR Group during the second quarter valued at about $219,000. Bank of America Corp DE increased its position in shares of RMR Group by 1.2% during the first quarter. Bank of America Corp DE now owns 5,027 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 59 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of RMR Group by 46.6% during the second quarter. Sei Investments Co. now owns 6,110 shares of the financial services provider’s stock valued at $298,000 after acquiring an additional 1,941 shares during the last quarter.
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A number of equities research analysts have weighed in on RMR shares. Canaccord Genuity set a $72.00 price target on shares of RMR Group and gave the company a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research cut shares of RMR Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. RMR Group presently has a consensus rating of “Hold” and an average price target of $58.00.
RMR Group Inc (RMR) opened at 49.95 on Friday. RMR Group Inc has a one year low of $33.90 and a one year high of $55.10. The company has a 50 day moving average of $49.08 and a 200-day moving average of $49.86. The firm has a market cap of $803.90 million and a PE ratio of 18.05.
RMR Group (NYSE:RMR) last announced its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). The company had revenue of $55.50 million for the quarter, compared to analysts’ expectations of $54.65 million. RMR Group had a return on equity of 18.72% and a net margin of 31.72%. On average, equities research analysts predict that RMR Group Inc will post $2.78 earnings per share for the current year.
RMR Group Profile
The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.
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