RMR Group (RMR) Rating Lowered to Hold at Zacks Investment Research

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, January 5th.

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. “

Several other equities analysts have also weighed in on the company. BidaskClub lowered RMR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. B. Riley set a $55.00 target price on RMR Group and gave the stock a “hold” rating in a research report on Wednesday, December 13th. Oppenheimer reissued a “hold” rating on shares of RMR Group in a research report on Tuesday, December 12th. FBR & Co reissued a “neutral” rating and set a $51.00 target price (up from $50.00) on shares of RMR Group in a research report on Monday, October 2nd. Finally, TheStreet raised RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. RMR Group has a consensus rating of “Hold” and an average target price of $60.50.

RMR Group (NASDAQ RMR) opened at $62.90 on Friday. RMR Group has a 1-year low of $39.10 and a 1-year high of $62.90. The firm has a market capitalization of $1,960.00 and a PE ratio of 24.01.

A number of hedge funds have recently bought and sold shares of RMR. Principal Financial Group Inc. bought a new position in RMR Group in the 2nd quarter worth approximately $211,000. Voya Investment Management LLC bought a new position in RMR Group in the 2nd quarter worth approximately $218,000. Aperio Group LLC bought a new position in RMR Group in the 3rd quarter worth approximately $264,000. First Trust Advisors LP bought a new position in RMR Group in the 3rd quarter worth approximately $292,000. Finally, Dupont Capital Management Corp bought a new position in RMR Group in the 3rd quarter worth approximately $293,000. Hedge funds and other institutional investors own 34.36% 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.

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