The RMR Group (NASDAQ:RMR) Stock Rating Lowered by Wall Street Zen

The RMR Group (NASDAQ:RMR) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of The RMR Group in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

The RMR Group Stock Up 4.4%

Shares of NASDAQ:RMR opened at $15.57 on Friday. The business’s 50 day moving average is $15.47 and its 200 day moving average is $15.99. The RMR Group has a 12-month low of $13.48 and a 12-month high of $22.60. The stock has a market cap of $496.22 million, a price-to-earnings ratio of 13.31 and a beta of 1.20. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.11.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Wednesday, November 12th. The financial services provider reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The RMR Group had a return on equity of 5.01% and a net margin of 2.56%.The business had revenue of $152.23 million during the quarter, compared to analyst estimates of $210.10 million. On average, sell-side analysts forecast that The RMR Group will post 1.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The RMR Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nantahala Capital Management LLC grew its position in The RMR Group by 55.9% during 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 boosted its stake in The RMR Group by 435.7% in the second 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 last quarter. Jane Street Group LLC bought a new position in shares of The RMR Group during the 1st quarter valued at approximately $988,000. Trexquant Investment LP purchased a new stake in shares of The RMR Group during the 1st quarter worth approximately $946,000. Finally, GSA Capital Partners LLP bought a new stake in shares of The RMR Group in the 3rd quarter worth approximately $801,000. 42.31% of the stock is owned by hedge funds and other institutional investors.

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.