RMR Group (RMR) Upgraded at BidaskClub

BidaskClub upgraded shares of RMR Group (NASDAQ:RMR) from a buy rating to a strong-buy rating in a research report report published on Wednesday morning.

Other research analysts have also issued research reports about the stock. B. Riley reaffirmed a neutral rating on shares of RMR Group in a research note on Wednesday, November 1st. TheStreet upgraded shares of RMR Group from a c rating to a b- rating in a research report on Tuesday, December 12th. Oppenheimer reiterated a hold rating on shares of RMR Group in a research report on Tuesday, December 12th. Zacks Investment Research downgraded shares of RMR Group from a strong-buy rating to a hold rating in a research report on Saturday, December 9th. Finally, FBR & Co reiterated a neutral rating and issued a $51.00 price target (up from $50.00) on shares of RMR Group in a research report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $60.25.

Shares of RMR Group (RMR) traded down $1.05 during midday trading on Wednesday, hitting $60.85. 13,740 shares of the stock traded hands, compared to its average volume of 36,837. The company has a market cap of $938.66, a price-to-earnings ratio of 23.14 and a beta of -0.71. RMR Group has a one year low of $38.55 and a one year high of $62.25.

Several large investors have recently made changes to their positions in RMR. Dimensional Fund Advisors LP raised its position in shares of RMR Group by 26.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 142,451 shares of the financial services provider’s stock valued at $7,051,000 after acquiring an additional 29,980 shares during the period. Bank of America Corp DE raised its holdings in RMR Group by 1.2% during the 1st quarter. Bank of America Corp DE now owns 5,027 shares of the financial services provider’s stock worth $249,000 after buying an additional 59 shares during the period. Russell Investments Group Ltd. raised its holdings in RMR Group by 5.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 63,075 shares of the financial services provider’s stock worth $3,068,000 after buying an additional 3,059 shares during the period. Sei Investments Co. raised its holdings in RMR Group by 46.6% during the 2nd quarter. Sei Investments Co. now owns 6,110 shares of the financial services provider’s stock worth $298,000 after buying an additional 1,941 shares during the period. Finally, Trexquant Investment LP acquired a new stake in RMR Group during the 2nd quarter worth approximately $219,000. Institutional investors and hedge funds own 34.52% of the company’s stock.

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RMR Group Company Profile

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.

Analyst Recommendations for RMR Group (NASDAQ:RMR)

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