Zacks Investment Research lowered shares of RMR Group (NASDAQ:RMR) from a buy rating to a hold rating in a research note released 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. “

RMR has been the topic of several other reports. B. Riley set a $55.00 price objective on RMR Group and gave the stock a hold rating in a report on Wednesday, December 13th. BidaskClub raised RMR Group from a hold rating to a buy rating in a report on Tuesday, November 14th. FBR & Co reaffirmed a neutral rating and set a $51.00 price objective (up from $50.00) on shares of RMR Group in a report on Monday, October 2nd. TheStreet raised RMR Group from a c rating to a b- rating in a report on Tuesday, December 12th. Finally, Oppenheimer reaffirmed a hold rating on shares of RMR Group in a report on Tuesday, December 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $60.25.

RMR Group (NASDAQ RMR) traded up $0.40 during mid-day trading on Friday, reaching $60.10. The company’s stock had a trading volume of 28,292 shares, compared to its average volume of 33,681. RMR Group has a 1-year low of $39.10 and a 1-year high of $62.25. The company has a market cap of $1,890.00 and a P/E ratio of 22.94.

A number of large investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System raised its holdings in RMR Group by 10.2% during the 3rd quarter. California Public Employees Retirement System now owns 19,711 shares of the financial services provider’s stock valued at $1,012,000 after buying an additional 1,818 shares during the period. Dimensional Fund Advisors LP raised its holdings in RMR Group by 17.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock valued at $10,291,000 after buying an additional 29,686 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in RMR Group by 5.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 29,246 shares of the financial services provider’s stock valued at $1,502,000 after buying an additional 1,392 shares during the period. Mckinley Capital Management LLC Delaware raised its holdings in RMR Group by 1.5% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 69,006 shares of the financial services provider’s stock valued at $3,543,000 after buying an additional 1,052 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in RMR Group by 23.0% during the 3rd quarter. Wells Fargo & Company MN now owns 41,599 shares of the financial services provider’s stock valued at $2,137,000 after buying an additional 7,783 shares during the period. Institutional investors own 34.36% of the company’s stock.

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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.

Analyst Recommendations for RMR Group (NASDAQ:RMR)

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