The RMR Group (NASDAQ:RMR - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Tuesday.
The RMR Group Price Performance
Shares of The RMR Group stock remained flat at $16.70 on Tuesday. The company had a trading volume of 277,263 shares, compared to its average volume of 103,723. The company has a fifty day simple moving average of $18.21 and a 200 day simple moving average of $21.34. The company has a market capitalization of $531.83 million, a price-to-earnings ratio of 12.56 and a beta of 1.19. The RMR Group has a 12-month low of $16.22 and a 12-month high of $26.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. Martingale Asset Management L P boosted its holdings in The RMR Group by 1.0% in the fourth quarter. Martingale Asset Management L P now owns 68,911 shares of the financial services provider's stock valued at $1,422,000 after purchasing an additional 662 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of The RMR Group by 1.2% in the fourth quarter. Stifel Financial Corp now owns 66,184 shares of the financial services provider's stock worth $1,366,000 after buying an additional 771 shares during the last quarter. SG Americas Securities LLC boosted 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 worth $141,000 after buying an additional 908 shares during the last quarter. American Century Companies Inc. grew its holdings in The RMR Group by 4.7% during the fourth quarter. American Century Companies Inc. now owns 31,993 shares of the financial services provider's stock worth $660,000 after acquiring an additional 1,440 shares during the period. Finally, BayBridge Capital Group LLC raised its position in The RMR Group by 8.3% during the fourth quarter. BayBridge Capital Group LLC now owns 21,827 shares of the financial services provider's stock valued at $451,000 after acquiring an additional 1,671 shares in the last quarter. Hedge funds and other institutional investors own 42.31% of the company's stock.
The RMR Group Company Profile
(
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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