RMR Group Inc (NYSE:RMR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

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 subject of several other reports. Oppenheimer Holdings, Inc. assumed coverage on RMR Group in a research note on Tuesday, April 18th. They issued a “market perform” rating for the company. FBR & Co reiterated a “mkt perform” rating and set a $48.00 target price (up from $44.00) on shares of RMR Group in a research report on Friday, May 12th. Finally, Canaccord Genuity set a $72.00 target price on RMR Group and gave the company a “buy” rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. RMR Group presently has an average rating of “Hold” and a consensus price target of $59.33.

RMR Group (NYSE:RMR) opened at 49.30 on Wednesday. RMR Group has a 1-year low of $31.38 and a 1-year high of $55.10. The firm’s 50 day moving average is $49.56 and its 200 day moving average is $48.20. The stock has a market capitalization of $793.43 million and a P/E ratio of 17.81.

RMR Group (NYSE:RMR) last posted its quarterly earnings results on Wednesday, May 10th. The financial services provider reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. RMR Group had a return on equity of 19.25% and a net margin of 32.69%. The business had revenue of $54.30 million during the quarter, compared to the consensus estimate of $52.79 million. On average, equities research analysts anticipate that RMR Group will post $2.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, July 24th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.03%.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in RMR Group by 49.6% in the first quarter. Bank of New York Mellon Corp now owns 39,444 shares of the financial services provider’s stock worth $1,951,000 after buying an additional 13,074 shares in the last quarter. American Century Companies Inc. purchased a new position in RMR Group during the first quarter worth approximately $717,000. State Board of Administration of Florida Retirement System purchased a new position in RMR Group during the first quarter worth approximately $208,000. Capital One National Association purchased a new position in RMR Group during the first quarter worth approximately $1,894,000. Finally, Wells Fargo & Company MN increased its position in RMR Group by 189.9% in the first quarter. Wells Fargo & Company MN now owns 26,809 shares of the financial services provider’s stock worth $1,327,000 after buying an additional 17,562 shares in the last quarter.

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.

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