RMR Group (RMR) Upgraded to “Strong-Buy” at BidaskClub

RMR Group (NASDAQ:RMR) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday, December 20th.

Several other research firms also recently issued reports on RMR. TheStreet upgraded RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. Zacks Investment Research downgraded RMR Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, December 9th. B. Riley set a $55.00 price target on RMR Group and gave the company a “hold” rating in a report on Wednesday, December 13th. Oppenheimer reiterated a “hold” rating on shares of RMR Group in a report on Tuesday, December 12th. 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 report on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $60.50.

Shares of RMR Group (NASDAQ:RMR) traded up $0.05 during trading hours on Wednesday, hitting $62.95. The company had a trading volume of 14,143 shares, compared to its average volume of 28,198. RMR Group has a 1-year low of $39.10 and a 1-year high of $63.30. The stock has a market cap of $953.82, a P/E ratio of 23.94 and a beta of -0.69.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position 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 valued at $249,000 after purchasing an additional 59 shares during the period. Schwab Charles Investment Management Inc. boosted its position in RMR Group by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 27,854 shares of the financial services provider’s stock valued at $1,356,000 after purchasing an additional 152 shares during the period. Tudor Investment Corp ET AL boosted its position in RMR Group by 1.5% during the 2nd quarter. Tudor Investment Corp ET AL now owns 10,281 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 156 shares during the period. Alps Advisors Inc. boosted its position in RMR Group by 1.9% during the 2nd quarter. Alps Advisors Inc. now owns 11,116 shares of the financial services provider’s stock valued at $541,000 after purchasing an additional 202 shares during the period. Finally, HighVista Strategies LLC boosted its position in RMR Group by 0.9% during the 2nd quarter. HighVista Strategies LLC now owns 35,536 shares of the financial services provider’s stock worth $1,729,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds 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.

Analyst Recommendations for RMR Group (NASDAQ:RMR)

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