Zacks Investment Research Lowers RMR Group (RMR) to Hold

RMR Group (NASDAQ:RMR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “The RMR Group Inc. primarily provides management services to publicly owned real estate investment trusts and real estate operating companies. The RMR Group Inc. is headquartered in Newton, MA. “

A number of other research firms have also weighed in on RMR. BidaskClub lowered RMR Group from a “strong-buy” rating to a “buy” rating in a report on Thursday. Oppenheimer restated a “hold” rating on shares of RMR Group in a report on Tuesday, December 12th. TheStreet upgraded RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. FBR & Co restated a “neutral” rating and set a $51.00 target price (up previously from $50.00) on shares of RMR Group in a report on Monday, October 2nd. Finally, B. Riley restated a “neutral” rating on shares of RMR Group in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $60.25.

RMR Group (NASDAQ:RMR) traded up $0.40 during trading on Friday, reaching $60.10. The company’s stock had a trading volume of 28,292 shares, compared to its average volume of 33,561. The stock has a market capitalization of $911.36, a price-to-earnings ratio of 34.15 and a beta of -0.69. RMR Group has a one year low of $39.10 and a one year high of $62.25.

Several hedge funds have recently modified their holdings of the company. California Public Employees Retirement System increased its position in shares of RMR Group by 10.2% during the third quarter. California Public Employees Retirement System now owns 19,711 shares of the financial services provider’s stock worth $1,012,000 after purchasing an additional 1,818 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of RMR Group by 17.4% during the third quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock worth $10,291,000 after purchasing an additional 29,686 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of RMR Group by 5.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 29,246 shares of the financial services provider’s stock worth $1,502,000 after purchasing an additional 1,392 shares in the last quarter. Mckinley Capital Management LLC Delaware increased its position in shares of RMR Group by 1.5% during the third quarter. Mckinley Capital Management LLC Delaware now owns 69,006 shares of the financial services provider’s stock worth $3,543,000 after purchasing an additional 1,052 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of RMR Group by 23.0% during the third quarter. Wells Fargo & Company MN now owns 41,599 shares of the financial services provider’s stock worth $2,137,000 after purchasing an additional 7,783 shares in the last quarter. 34.36% of the stock is currently owned by institutional investors and hedge funds.

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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.

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