The RMR Group (NASDAQ:RMR) Upgraded to “Buy” at StockNews.com

The RMR Group (NASDAQ:RMR) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Sunday.

The RMR Group Stock Up 2.0 %

The RMR Group stock opened at $17.25 on Friday. The firm has a market cap of $549.34 million, a price-to-earnings ratio of 12.97 and a beta of 1.19. The RMR Group has a 52 week low of $16.89 and a 52 week high of $26.43. The business’s 50-day moving average price is $18.67 and its 200 day moving average price is $21.82. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10.

Institutional Trading of The RMR Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its position in The RMR Group by 2.8% during the third quarter. Janney Montgomery Scott LLC now owns 30,102 shares of the financial services provider’s stock worth $764,000 after purchasing an additional 817 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in The RMR Group by 166.2% during the third quarter. Thrivent Financial for Lutherans now owns 25,010 shares of the financial services provider’s stock worth $635,000 after purchasing an additional 15,616 shares in the last quarter. Meeder Asset Management Inc. boosted its position in The RMR Group by 18.7% during the third quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 500 shares in the last quarter. Garner Asset Management Corp boosted its position in The RMR Group by 2.0% during the third quarter. Garner Asset Management Corp now owns 288,273 shares of the financial services provider’s stock worth $7,316,000 after purchasing an additional 5,745 shares in the last quarter. Finally, FMR LLC boosted its position in The RMR Group by 9.3% during the third quarter. FMR LLC now owns 41,739 shares of the financial services provider’s stock worth $1,059,000 after purchasing an additional 3,548 shares in the last quarter. 42.31% of the stock is owned by institutional investors and hedge funds.

The RMR Group Company Profile

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.