The RMR Group (NASDAQ:RMR) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of The RMR Group (NASDAQ:RMR – Get Rating) in a research report issued on Thursday. The firm set a “buy” rating on the financial services provider’s stock.

A number of other equities research analysts have also recently issued reports on the company. TheStreet cut The RMR Group from a “b-” rating to a “c+” rating in a research note on Wednesday, May 10th. B. Riley cut their target price on The RMR Group from $42.00 to $37.00 in a research note on Monday.

The RMR Group Stock Performance

RMR stock opened at $21.95 on Thursday. The stock has a market capitalization of $694.06 million, a price-to-earnings ratio of 8.22 and a beta of 1.48. The RMR Group has a 1 year low of $20.79 and a 1 year high of $31.55. The stock’s fifty day moving average is $24.45 and its two-hundred day moving average is $27.10.

Institutional Investors Weigh In On The RMR Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky acquired a new position in The RMR Group during the third quarter worth about $30,000. New York State Teachers Retirement System acquired a new position in The RMR Group during the third quarter worth about $31,000. Tower Research Capital LLC TRC grew its holdings in The RMR Group by 930.3% during the first quarter. Tower Research Capital LLC TRC now owns 1,226 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 1,107 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in The RMR Group during the second quarter worth about $34,000. Finally, CWM LLC grew its holdings in The RMR Group by 1,636.9% during the first quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 1,817 shares during the period. 40.58% of the stock is currently owned by institutional investors.

About The RMR Group

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The RMR Group, Inc is a holding company, which engages in the provision of management services to managed equity real estate investment trusts and operators. Its services include RMR Real Estate Services, Asset Management, Acquisitions Criteria, and Development. The company was founded in 1986 and is headquartered in Newton, MA.