The RMR Group (NASDAQ:RMR) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a research note issued to investors on Tuesday.

Several other research firms have also recently weighed in on RMR. Zacks Investment Research cut The RMR Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. BidaskClub raised The RMR Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 12th. Oppenheimer reissued a “hold” rating on shares of The RMR Group in a research report on Tuesday. FBR & Co reissued a “neutral” rating and issued a $51.00 price target (up from $50.00) on shares of The RMR Group in a research report on Monday, October 2nd. Finally, B. Riley reissued a “neutral” rating on shares of The RMR Group in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $60.25.

The RMR Group (NASDAQ RMR) traded up $2.15 during trading on Tuesday, reaching $60.20. The company’s stock had a trading volume of 37,900 shares, compared to its average volume of 39,770. The company has a market cap of $876.24, a PE ratio of 32.98 and a beta of -0.71. The RMR Group has a fifty-two week low of $38.55 and a fifty-two week high of $61.25.

Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. bought a new position in The RMR Group in the 2nd quarter valued at approximately $1,774,000. Dimensional Fund Advisors LP lifted its position in The RMR Group by 26.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 142,451 shares of the financial services provider’s stock valued at $7,051,000 after acquiring an additional 29,980 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its position in The 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 valued at $813,000 after acquiring an additional 11,746 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in The RMR Group by 5.2% in 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. Finally, Vanguard Group Inc. lifted its position in The RMR Group by 1.7% in 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. 34.52% of the stock is currently owned by institutional investors and hedge funds.

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About The RMR Group

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.

Analyst Recommendations for The RMR Group (NASDAQ:RMR)

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