In a report released yesterday, Owen Lau from Oppenheimer maintained a Hold rating on The RMR Group Inc (RMR). The company’s shares closed yesterday at $58.77, close to its 52-week low of $51.80.
Lau said:
“Early this week we had a chance to meet with CEO Adam Portnoy, CFO of IR RMR’s headquarters in Newton, MA. We started off the meeting with a big picture question: with the stock coming down from ~$97 in Sept. 2018 to ~$58 currently, down 41.6% relative to the the same period), what does it take to turn the stock around? While we believe RMR is much closer to stabilization than it was seven months ago and the company will turn around this performance at some point, we continue to recommend investors stay on the sidelines until we see a more visible growth path.”
According to TipRanks.com, Lau is ranked #4140 out of 5195 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for The RMR Group Inc with a $89 average price target.
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The RMR Group Inc’s market cap is currently $953.8M and has a P/E ratio of 12.35. The company has a Price to Book ratio of 3.40.
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The RMR Group, Inc. is a holding company, which engages in the provision of management services to the managed equity real estate investment trusts and the managed operators. It operates through the RMR LLC and All Other Operations segments. The RMR LLC segment invests in real estate and manages real estate related businesses.
