The RMR Group (NASDAQ:RMR) Upgraded by StockNews.com to Buy Rating

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

The RMR Group Stock Up 2.2 %

Shares of RMR stock opened at $17.26 on Tuesday. The RMR Group has a 12 month low of $16.76 and a 12 month 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. The firm has a market cap of $549.66 million, a PE ratio of 12.98 and a beta of 1.19. The stock has a 50 day moving average of $18.38 and a 200-day moving average of $21.45.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Franklin Resources Inc. increased its stake in 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 grew its holdings in shares of The RMR Group by 13.7% during the 3rd 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 worth $926,000 after purchasing an additional 4,390 shares in the last quarter. JPMorgan Chase & Co. increased its position 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 purchasing an additional 30,258 shares during the period. Barclays PLC increased its position 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 purchasing an additional 18,100 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of The RMR Group in the fourth quarter valued at $319,000. Institutional investors and hedge funds own 42.31% of the company’s stock.

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.