Breaking Finance News

FBR & Co. announced RMR Group (NASDAQ:RMR), boosting its stock price target to $44.00 today

In a report released on Friday February 10, 2017 FBR & Co. increased the stock price target of RMR Group (NASDAQ:RMR) from $43.00 to $44.00 reporting a possible downside of -0.05%.

Just yesterday RMR Group (NASDAQ:RMR) traded 3.15% higher at $46.10. RMR Group’s 50-day moving average is $43.36 and its 200-day moving average is $39.43. The last stock price is up 20.60% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.06% over the same time period. 77,200 shares of RMR traded hands, up from an average trading volume of 39,821

Recent Performance Chart

RMR Group (NASDAQ:RMR)

RMR Group has 52 week low of $20.31 and a 52 week high of $49.45 with a PE ratio of 20.43 and has a market capitalization of $0.

In addition to FBR & Co. reporting its stock price target, a total of 1 brokerage has issued a ratings update on the company. The average stock price target is $31.00 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On RMR Group (NASDAQ:RMR)

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. As of June 30, 2016, RMR LLC managed over 1,300 properties, which were located in 48 states, Washington, District of Columbia, Puerto Rico and Canada.

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