RMR Group Inc (NYSE:RMR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday.

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. “

Separately, FBR & Co cut shares of RMR Group from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $31.00 to $39.00 in a research note on Wednesday, August 10th.

Shares of RMR Group (NYSE:RMR) opened at 37.52 on Wednesday. The stock’s 50 day moving average is $38.64 and its 200-day moving average is $32.23. The stock has a market cap of $600.58 million and a PE ratio of 16.59. RMR Group has a 1-year low of $11.89 and a 1-year high of $40.67.

RMR Group (NYSE:RMR) last posted its earnings results on Tuesday, August 9th. The company reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42. The company earned $52.20 million during the quarter, compared to analysts’ expectations of $41.16 million. On average, analysts predict that RMR Group will post $1.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Investors of record on Friday, October 21st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Wednesday, October 19th.

About RMR Group

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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