The RMR Group (NASDAQ:RMR) Upgraded to Hold at Wall Street Zen

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

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

The RMR Group Stock Performance

NASDAQ:RMR opened at $15.59 on Friday. The stock’s 50-day moving average is $15.23 and its 200-day moving average is $16.00. The RMR Group has a 1-year low of $13.48 and a 1-year high of $22.60. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.05. The stock has a market cap of $499.82 million, a P/E ratio of 14.85 and a beta of 0.97.

The RMR Group (NASDAQ:RMR) last posted its earnings results on Wednesday, November 12th. The financial services provider reported $0.22 EPS for the quarter, hitting 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. Equities research analysts anticipate that The RMR Group will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On The RMR Group

Several large investors have recently added to or reduced their stakes in RMR. Nantahala Capital Management LLC lifted its stake in The RMR Group by 55.9% in the second quarter. Nantahala Capital Management LLC now owns 1,147,902 shares of the financial services provider’s stock valued at $18,768,000 after buying an additional 411,700 shares during the period. Bank of America Corp DE lifted its position in shares of The RMR Group by 435.7% during the 2nd quarter. Bank of America Corp DE now owns 94,663 shares of the financial services provider’s stock valued at $1,548,000 after acquiring an additional 76,991 shares during the period. Jane Street Group LLC bought a new position in The RMR Group during the first quarter worth $988,000. Trexquant Investment LP bought a new position in The RMR Group during the first quarter worth $946,000. Finally, GSA Capital Partners LLP acquired a new stake in The RMR Group in the third quarter worth $801,000. Institutional investors and hedge funds own 42.31% of the company’s stock.

About The RMR Group

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.