StockNews.com Upgrades The RMR Group (NASDAQ:RMR) to Buy

The RMR Group (NASDAQ:RMR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Sunday.

The RMR Group Price Performance

Shares of NASDAQ RMR opened at $17.16 on Friday. The company has a market capitalization of $546.48 million, a PE ratio of 12.90 and a beta of 1.19. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The RMR Group has a twelve month low of $16.89 and a twelve month high of $26.43. The firm has a fifty day simple moving average of $18.61 and a 200 day simple moving average of $21.73.

Hedge Funds Weigh In On The RMR Group

Institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in shares of The RMR Group during the 4th quarter valued at $63,000. Meeder Asset Management Inc. increased its stake in The RMR Group by 18.7% in the third quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 500 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of The RMR Group by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 908 shares during the period. Aquatic Capital Management LLC boosted its position in shares of The RMR Group by 252.2% during the 4th quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of The RMR Group by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock valued at $190,000 after buying an additional 2,010 shares during the period. 42.31% of the stock is currently 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.