The RMR Group (NASDAQ:RMR) Rating Increased to Buy at StockNews.com

The RMR Group (NASDAQ:RMR) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

The RMR Group Stock Up 2.2 %

NASDAQ RMR opened at $17.26 on Tuesday. The RMR Group has a 1-year low of $16.76 and a 1-year high of $26.43. The company has a market capitalization of $549.66 million, a price-to-earnings ratio of 12.98 and a beta of 1.19. The stock’s 50 day moving average is $18.38 and its two-hundred day moving average is $21.45. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans increased its position in shares of The RMR Group by 166.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 25,010 shares of the financial services provider’s stock worth $635,000 after purchasing an additional 15,616 shares in the last quarter. FMR LLC grew its stake in The RMR Group by 9.3% during the third quarter. FMR LLC now owns 41,739 shares of the financial services provider’s stock worth $1,059,000 after buying an additional 3,548 shares during the last quarter. BNP Paribas Financial Markets grew its stake in The RMR Group by 77.8% during the third quarter. BNP Paribas Financial Markets now owns 12,100 shares of the financial services provider’s stock worth $307,000 after buying an additional 5,294 shares during the last quarter. Corsair Capital Management L.P. increased its holdings in shares of The RMR Group by 92,252.2% during the third quarter. Corsair Capital Management L.P. now owns 21,241 shares of the financial services provider’s stock worth $539,000 after buying an additional 21,218 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of The RMR Group by 13.7% in 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 last quarter. 42.31% of the stock is owned by institutional investors.

The RMR Group Company Profile

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.