RMR Group (RMR) Misses Q2 EPS by 21c

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FBR Capital Raises Price Target on RMR Group (RMR) Following 2Q Report

May 11, 2016 2:24 PM EDT

FBR Capital reiterated an Outperform rating on The RMR Group Inc. (NASDAQ: RMR), and raised the price target to $31.00 (from $30.00), following the company's 2Q earnings report. Total revenue came in at $48.3 million, exceeding estimates of $47.6 million. Adjusted EBITDA was $23.1 million, down 7.6% YOY mainly due to the 2014 termination of the management agreement with... More