Russell Investments Group Ltd. Has $2.91 Million Holdings in The RMR Group Inc. (RMR)
Russell Investments Group Ltd. lowered its position in The RMR Group Inc. (NASDAQ:RMR) by 10.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,714 shares of the financial services provider’s stock after selling 6,361 shares during the period. Russell Investments Group Ltd.’s holdings in The RMR Group were worth $2,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in The RMR Group in the second quarter worth about $211,000. Voya Investment Management LLC bought a new stake in The RMR Group in the second quarter worth about $218,000. Trexquant Investment LP bought a new stake in The RMR Group in the second quarter worth about $219,000. OMERS ADMINISTRATION Corp bought a new stake in The RMR Group in the second quarter worth about $248,000. Finally, Bank of America Corp DE lifted its stake in The RMR Group by 1.2% in the first quarter. Bank of America Corp DE now owns 5,027 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 59 shares during the last quarter. 34.52% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on the stock. B. Riley reissued a “neutral” rating on shares of The RMR Group in a research note on Wednesday, November 1st. TheStreet raised shares of The RMR Group from a “c” rating to a “b-” rating in a research report on Tuesday, December 12th. Oppenheimer reaffirmed a “hold” rating on shares of The RMR Group in a research report on Tuesday, December 12th. BidaskClub lowered shares of The RMR Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Zacks Investment Research raised shares of The RMR Group from a “hold” rating to a “strong-buy” rating and set a $67.00 target price on the stock in a research report on Friday, December 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $60.25.
About The RMR Group
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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