RMR Group (RMR) Receiving Somewhat Favorable Press Coverage, Analysis Shows
Media headlines about RMR Group (NASDAQ:RMR) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. RMR Group earned a news impact score of 0.09 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.4178803303444 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of NASDAQ RMR opened at $96.00 on Friday. The company has a market cap of $2.92 billion, a PE ratio of 25.33 and a beta of -0.13. RMR Group has a 1 year low of $48.35 and a 1 year high of $96.54.
RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The business had revenue of $62.08 million during the quarter, compared to the consensus estimate of $59.03 million. RMR Group had a net margin of 23.43% and a return on equity of 9.97%. research analysts forecast that RMR Group will post 2.24 earnings per share for the current fiscal year.
A number of research firms have commented on RMR. BidaskClub downgraded shares of RMR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 8th. B. Riley set a $88.00 price objective on shares of RMR Group and gave the company a “hold” rating in a report on Monday, May 14th. Finally, Zacks Investment Research downgraded shares of RMR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $75.00.
RMR Group Company Profile
The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2017, the company had approximately 1,400 properties under management, which are primarily owned by its Managed Equity REITs.
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