RMR Group (NASDAQ:RMR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

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 analysts have also recently commented on RMR. BidaskClub cut RMR Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. FBR & Co reissued a “neutral” rating and issued a $51.00 price target (up from $50.00) on shares of RMR Group in a report on Monday, October 2nd. B. Riley reissued a “neutral” rating on shares of RMR Group in a report on Wednesday, November 1st. Oppenheimer reissued a “hold” rating on shares of RMR Group in a report on Tuesday, December 12th. Finally, TheStreet raised RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $60.25.

Shares of RMR Group (NASDAQ RMR) opened at $59.70 on Friday. RMR Group has a 1 year low of $39.10 and a 1 year high of $62.25. The firm has a market capitalization of $1,860.00 and a P/E ratio of 22.79.

Several large investors have recently made changes to their positions in RMR. FMR LLC grew its position in RMR Group by 114.5% during the second quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock valued at $3,018,000 after acquiring an additional 33,115 shares during the period. Dimensional Fund Advisors LP grew its position in RMR Group by 17.4% during the third quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock valued at $10,291,000 after acquiring an additional 29,686 shares during the period. Chicago Equity Partners LLC purchased a new stake in RMR Group during the third quarter valued at about $924,000. Old Mutual Global Investors UK Ltd. grew its position in RMR Group by 93.0% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 32,264 shares of the financial services provider’s stock valued at $1,656,000 after acquiring an additional 15,549 shares during the period. Finally, Macquarie Group Ltd. grew its position in RMR Group by 923.5% during the third quarter. Macquarie Group Ltd. now owns 16,397 shares of the financial services provider’s stock valued at $842,000 after acquiring an additional 14,795 shares during the period. 34.36% of the stock is owned by institutional investors and hedge funds.

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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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Analyst Recommendations for RMR Group (NASDAQ:RMR)

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