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

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

The RMR Group Stock Performance

NASDAQ RMR opened at $18.22 on Friday. The stock has a market capitalization of $580.23 million, a PE ratio of 13.70 and a beta of 1.24. The business has a 50 day simple moving average of $19.18 and a two-hundred day simple moving average of $22.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89. The RMR Group has a 1-year low of $17.75 and a 1-year high of $26.43.

Institutional Investors Weigh In On The RMR Group

Several institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of The RMR Group by 16.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 42,337 shares of the financial services provider’s stock worth $874,000 after acquiring an additional 5,841 shares during the last quarter. Millennium Management LLC increased its holdings in shares of The RMR Group by 182.2% in the 4th quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider’s stock valued at $2,242,000 after acquiring an additional 70,127 shares during the period. Lazard Asset Management LLC increased its holdings in shares of The RMR Group by 45.2% in the 4th quarter. Lazard Asset Management LLC now owns 21,125 shares of the financial services provider’s stock valued at $436,000 after acquiring an additional 6,578 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of The RMR Group by 5.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 56,987 shares of the financial services provider’s stock valued at $1,176,000 after acquiring an additional 3,079 shares during the period. Finally, Deutsche Bank AG grew its stake in The RMR Group by 140.1% during the 4th quarter. Deutsche Bank AG now owns 13,515 shares of the financial services provider’s stock worth $279,000 after buying an additional 7,885 shares during 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.