The RMR Group (NASDAQ:RMR) Cut to “Hold” at StockNews.com

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

The RMR Group Trading Up 0.7 %

The RMR Group stock opened at $18.81 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89. The RMR Group has a fifty-two week low of $17.75 and a fifty-two week high of $26.43. The stock has a market cap of $599.02 million, a P/E ratio of 14.14 and a beta of 1.24. The firm’s fifty day moving average price is $18.96 and its 200-day moving average price is $22.09.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. grew its stake in The RMR Group by 12.9% in the 3rd quarter. Franklin Resources Inc. now owns 24,838 shares of the financial services provider’s stock worth $625,000 after buying an additional 2,831 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 acquiring an additional 4,390 shares during the last quarter. JPMorgan Chase & Co. grew its position in The RMR Group by 36.6% in the third quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider’s stock worth $2,867,000 after acquiring an additional 30,258 shares in the last quarter. Barclays PLC increased its stake in The RMR Group by 55.6% in the third quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock valued at $1,286,000 after acquiring an additional 18,100 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its position in The RMR Group by 160.2% during the fourth quarter. CWA Asset Management Group LLC now owns 48,029 shares of the financial services provider’s stock valued at $991,000 after purchasing an additional 29,568 shares in the last quarter. 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.