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 morning.

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

Shares of RMR Group (NASDAQ RMR) traded up $0.65 during trading hours on Friday, reaching $60.75. 19,036 shares of the company’s stock were exchanged, compared to its average volume of 30,980. The stock has a market capitalization of $911.36, a price-to-earnings ratio of 23.10 and a beta of -0.69. RMR Group has a one year low of $39.10 and a one year high of $62.25.

Hedge funds have recently added to or reduced their stakes in the stock. Old Mutual Global Investors UK Ltd. increased its stake in shares of RMR Group by 236.4% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 16,715 shares of the financial services provider’s stock worth $813,000 after buying an additional 11,746 shares during the period. Dupont Capital Management Corp purchased a new stake in shares of RMR Group during the third quarter worth approximately $293,000. Cornerstone Capital Management Holdings LLC. increased its stake in shares of RMR Group by 5.2% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 56,738 shares of the financial services provider’s stock worth $2,759,000 after buying an additional 2,800 shares during the period. Vanguard Group Inc. increased its stake in shares of RMR Group by 1.7% during the second quarter. Vanguard Group Inc. now owns 581,943 shares of the financial services provider’s stock worth $28,312,000 after buying an additional 9,629 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of RMR Group by 19.8% during the second quarter. Dimensional Fund Advisors LP now owns 170,714 shares of the financial services provider’s stock worth $8,306,000 after buying an additional 28,263 shares during the period. Hedge funds and other 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.

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