Analysts at B. Riley began coverage on shares of The RMR Group (NASDAQ:RMR - Get Free Report) in a research note issued on Tuesday. The firm set a "buy" rating and a $24.00 price target on the financial services provider's stock. B. Riley's target price indicates a potential upside of 60.43% from the stock's current price.
Separately, StockNews.com raised The RMR Group from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th.
Check Out Our Latest Report on The RMR Group
The RMR Group Price Performance
NASDAQ:RMR opened at $14.96 on Tuesday. The RMR Group has a 52-week low of $14.47 and a 52-week high of $26.43. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The business's 50-day moving average price is $16.92 and its 200 day moving average price is $20.05. The firm has a market cap of $476.42 million, a P/E ratio of 11.25 and a beta of 1.08.
Hedge Funds Weigh In On The RMR Group
A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of The RMR Group by 20,880.0% in the 1st quarter. GAMMA Investing LLC now owns 2,098 shares of the financial services provider's stock valued at $35,000 after buying an additional 2,088 shares in the last quarter. Quantbot Technologies LP acquired a new position in The RMR Group during the 4th quarter valued at $63,000. SG Americas Securities LLC lifted its stake in shares of The RMR Group by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider's stock valued at $141,000 after buying an additional 908 shares during the period. Aquatic Capital Management LLC lifted its position in shares of The RMR Group by 252.2% in the 4th quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider's stock worth $167,000 after acquiring an additional 5,800 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in The RMR Group by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider's stock worth $190,000 after buying an additional 2,010 shares in the last quarter. Institutional investors and hedge funds own 42.31% of the company's stock.
About The RMR Group
(
Get Free Report)
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.
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