RMR Group (NASDAQ:RMR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $67.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 12.23% from the company’s previous close.

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. “

Several other research firms have also commented on RMR. BidaskClub lowered RMR Group from a “strong-buy” rating to a “buy” rating in a report on Thursday. Oppenheimer reissued a “hold” rating on shares of RMR Group in a report on Tuesday, December 12th. TheStreet raised RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. FBR & Co reaffirmed a “neutral” rating and set a $51.00 price objective (up previously from $50.00) on shares of RMR Group in a report on Monday, October 2nd. Finally, B. Riley reaffirmed a “neutral” rating on shares of RMR Group in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $60.25.

Shares of RMR Group (RMR) traded up $0.15 during midday trading on Thursday, hitting $59.70. The stock had a trading volume of 39,800 shares, compared to its average volume of 39,100. The firm has a market capitalization of $903.02, a PE ratio of 22.70 and a beta of -0.69. RMR Group has a twelve month low of $39.10 and a twelve month high of $62.25.

Institutional investors have recently modified their holdings of the stock. Old Mutual Global Investors UK Ltd. grew its stake in RMR Group by 236.4% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 16,715 shares of the financial services provider’s stock worth $813,000 after acquiring an additional 11,746 shares during the period. Dupont Capital Management Corp acquired a new position in shares of RMR Group during the 3rd quarter valued at $293,000. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of RMR Group by 5.2% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 56,738 shares of the financial services provider’s stock valued at $2,759,000 after acquiring an additional 2,800 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of RMR Group by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 581,943 shares of the financial services provider’s stock valued at $28,312,000 after acquiring an additional 9,629 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of RMR Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 170,714 shares of the financial services provider’s stock valued at $8,306,000 after acquiring an additional 28,263 shares in the last quarter. Hedge funds and other institutional investors 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.

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