The RMR Group (NASDAQ:RMR) Rating Increased to Strong-Buy at B. Riley

The RMR Group (NASDAQ:RMR) was upgraded by investment analysts at B. Riley to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Separately, StockNews.com raised shares of The RMR Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th.

The RMR Group Stock Down 2.0 %

RMR opened at $14.66 on Monday. The firm has a market cap of $466.86 million, a P/E ratio of 11.02 and a beta of 1.08. The business’s fifty day simple moving average is $16.85 and its 200 day simple moving average is $20.01. The RMR Group has a 52 week low of $14.34 and a 52 week high of $26.43. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RMR. Martingale Asset Management L P increased its position in The RMR Group by 1.0% during the fourth quarter. Martingale Asset Management L P now owns 68,911 shares of the financial services provider’s stock worth $1,422,000 after purchasing an additional 662 shares during the last quarter. Stifel Financial Corp raised its position in shares of The RMR Group by 1.2% in the 4th quarter. Stifel Financial Corp now owns 66,184 shares of the financial services provider’s stock worth $1,366,000 after buying an additional 771 shares during the period. SG Americas Securities LLC raised its position in shares of The RMR Group by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock worth $141,000 after buying an additional 908 shares during the period. American Century Companies Inc. boosted its holdings in The RMR Group by 4.7% in the fourth quarter. American Century Companies Inc. now owns 31,993 shares of the financial services provider’s stock valued at $660,000 after acquiring an additional 1,440 shares during the last quarter. Finally, BayBridge Capital Group LLC grew its position in The RMR Group by 8.3% during the fourth quarter. BayBridge Capital Group LLC now owns 21,827 shares of the financial services provider’s stock valued at $451,000 after acquiring an additional 1,671 shares during the period. 42.31% of the stock is currently owned by hedge funds and other 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.