The RMR Group (NASDAQ:RMR) Stock Rating Lowered by StockNews.com

The RMR Group (NASDAQ:RMR) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

The RMR Group Stock Up 0.7 %

Shares of RMR stock opened at $18.81 on Friday. The stock has a market cap of $599.02 million, a P/E ratio of 14.14 and a beta of 1.19. The RMR Group has a one year low of $17.75 and a one year high of $26.43. The stock has a fifty day moving average price of $18.96 and a 200 day moving average price of $22.06. 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its holdings in shares of The RMR Group by 12.9% during the third quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider’s stock valued at $625,000 after acquiring an additional 2,831 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of The RMR Group by 13.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,496 shares of the financial services provider’s stock valued at $926,000 after acquiring an additional 4,390 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of The RMR Group by 36.6% during the third quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider’s stock valued at $2,867,000 after acquiring an additional 30,258 shares during the period. Barclays PLC lifted its holdings in shares of The RMR Group by 55.6% during the third quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock valued at $1,286,000 after acquiring an additional 18,100 shares during the period. Finally, CWA Asset Management Group LLC increased its stake in shares of The RMR Group by 160.2% in the fourth quarter. CWA Asset Management Group LLC now owns 48,029 shares of the financial services provider’s stock valued at $991,000 after buying an additional 29,568 shares in the last quarter. 42.31% of the stock is owned by institutional investors.

About The RMR Group

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.