The RMR Group Shares Up 4% Since Q4 Report

The RMR Group Inc. (NASDAQ:RMR) shares rose more than 4% since the company’s reported Q4 results on Monday, with revenue of $242.19 million coming in better than the Street estimate of $207.19 million. EPS was $0.57, compared to the Street estimate of $0.58.

According to the analysts at RBC Capital, the company remains on the lookout for potential opportunities amid market dislocations. In the meantime, managed equity REIT share performance continues to weigh on potential revenue growth, with no firm sense of potential timeframe for recovery, in the analysts’ view. The analyst maintained their Sector Perform rating and $29 price target on the company’s shares.