RMR Group Inc (NYSE:RMR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday.

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. “

Separately, FBR & Co cut RMR Group from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $31.00 to $39.00 in a research report on Wednesday, August 10th.

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RMR Group (NYSE:RMR) opened at 37.38 on Wednesday. The firm has a 50-day moving average of $38.70 and a 200 day moving average of $32.15. RMR Group has a one year low of $11.89 and a one year high of $40.67. The stock has a market capitalization of $598.34 million and a PE ratio of 16.53.

RMR Group (NYSE:RMR) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $52.20 million for the quarter, compared to analyst estimates of $41.16 million. On average, equities research analysts anticipate that RMR Group will post $1.61 earnings per share for the current fiscal year.

RMR Group Company Profile

The RMR Group Inc, formerly Reit Management & Research Inc, is a holding company. The Company holds interests in and is the managing member of The RMR Group LLC (RMR LLC). The Company’s business primarily consists of providing management services to four real estate investment trusts (REITs), namely, Government Properties Income Trust (GOV), Hospitality Properties Trust (HPT), Select Income REIT (SIR) and Senior Housing Properties Trust, and three real estate operating companies, namely, Five Star Quality Care, Inc (Five Star), Sonesta International Hotels Corporation and TravelCenters of America LLC.

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