The RMR Group Inc Gets a Hold Rating from B.Riley FBR

In a report issued on May 11, Bryan Maher from B.Riley FBR maintained a Hold rating on The RMR Group Inc (NASDAQ: RMR), with a price target of $88. The company’s shares opened today at $78.25, close to its 52-week high of $83.20.

Maher observed:

“The RMR Group reported results that came in below our expectations, reporting EPS of $0.52 versus our estimate of $0.62, as well as the consensus estimate of $0.55. Total revenue of $59.3M was essentially in line with our estimate of $59.8M, however compensation and benefits expense came in higher than we expected ($29.4M versus our $27.8M estimate). Adjusted EBITDA came in at $28.3M, up 6.3% Y/Y , but below ours and the consensus estimate of $29.1M. General and administrative expense came in at $7.0M versus our estimate of $7.5M. We are not overly surprised by the increased compensation expenses as RMR has been growing fairly quickly since it became publicly traded in December 2015.”

According to TipRanks.com, Maher is a 2-star analyst with an average return of 1.1% and a 55.3% success rate. Maher covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Senior Housing Properties Trust, and Condor Hospitality Trust Inc.

Currently, the analyst consensus on The RMR Group Inc is Hold and the average price target is $88, representing a 12.5% upside.

In a report issued on May 11, Oppenheimer also assigned a Hold rating to the stock.

See today’s analyst top recommended stocks >>

Based on The RMR Group Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $8.31 million. In comparison, last year the company had a net profit of $6.87 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

RMR Group, Inc. is a holding company, which all of its business is conducted by its majority owned subsidiaries. It operates through RMR LLC, and All other operations. The RMR LLC manages real estate related businesses. The All Other Operations segment includes the operations of RMR Inc., RMRM Advisors, Tremont Advisors, and RMR Intl.