JMP Securities Begins Coverage on RMR Group Inc. (RMR)
Stock analysts at JMP Securities began coverage on shares of RMR Group Inc. (NASDAQ:RMR) in a note issued to investors on Wednesday, StockTargetPrices.com reports. The firm set a “mkt perform” rating on the stock.
Separately, FBR & Co downgraded RMR Group from an “outperform” rating to a “marketperform” rating in a report on Wednesday, August 10th.
Shares of RMR Group (NASDAQ:RMR) traded down 0.82% during midday trading on Wednesday, reaching $37.54. 22,666 shares of the company’s stock traded hands. RMR Group has a 52 week low of $11.89 and a 52 week high of $40.67. The company has a market capitalization of $600.90 million and a PE ratio of 16.60. The stock’s 50 day moving average is $38.55 and its 200-day moving average is $32.62.
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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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