The RMR Group (NASDAQ:RMR) Stock Rating Upgraded by Wall Street Zen

The RMR Group (NASDAQ:RMR) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of The RMR Group in a research report on Monday. Zacks Research cut The RMR Group from a “hold” rating to a “strong sell” rating in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.00.

The RMR Group Stock Up 0.4%

RMR opened at $15.59 on Friday. The stock has a fifty day moving average of $15.23 and a 200-day moving average of $16.00. The company has a market capitalization of $499.82 million, a P/E ratio of 14.85 and a beta of 0.97. The RMR Group has a fifty-two week low of $13.48 and a fifty-two week high of $22.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.25 and a current ratio of 0.25.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Wednesday, November 12th. The financial services provider reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The RMR Group had a net margin of 2.48% and a return on equity of 4.60%. The business had revenue of $152.23 million for the quarter, compared to the consensus estimate of $210.10 million. On average, equities analysts expect that The RMR Group will post 1.51 EPS for the current year.

Institutional Trading of The RMR Group

Several large investors have recently bought and sold shares of the business. NewEdge Advisors LLC grew its position in The RMR Group by 313.1% in the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,124 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of The RMR Group by 538.5% during the 3rd quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,400 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in The RMR Group by 1,307.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,773 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,647 shares during the last quarter. Quarry LP bought a new position in The RMR Group in the 3rd quarter valued at approximately $36,000. Finally, AlphaQuest LLC boosted its position in The RMR Group by 131.3% in the first quarter. AlphaQuest LLC now owns 2,406 shares of the financial services provider’s stock valued at $40,000 after buying an additional 1,366 shares in the last quarter. 42.31% of the stock is owned by institutional investors and hedge funds.

The RMR Group Company Profile

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.