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The RMR Group (RMR) Gets a Hold Rating from Morgan Stanley

Morgan Stanley analyst Ronald Kamdem maintained a Hold rating on The RMR Group (RMRResearch Report) today and set a price target of $32.00. The company’s shares closed last Monday at $28.51, close to its 52-week low of $27.81.

According to TipRanks.com, Kamdem is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.8% and a 48.5% success rate. Kamdem covers the Financial sector, focusing on stocks such as National Storage Affiliates, Extra Space Storage, and Paramount Group.

The word on The Street in general, suggests a Hold analyst consensus rating for The RMR Group with a $35.50 average price target, implying a 22.8% upside from current levels. In a report issued on April 12, Citigroup also maintained a Hold rating on the stock with a $32.00 price target.

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Based on The RMR Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $182 million and net profit of $8.04 million. In comparison, last year the company earned revenue of $157 million and had a net profit of $8.9 million.

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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. The All Other Operations segment includes the operations of RMR Inc., RMR Advisors, and Tremont Advisors. The company was founded on May 28, 2015 and is headquartered in Newton, MA.

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