RMR Group Inc (RMR) Lifted to Buy at BidaskClub

RMR Group Inc (NYSE:RMR) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday.

Other research analysts also recently issued reports about the company. B. Riley reiterated a “neutral” rating on shares of RMR Group in a research note on Wednesday, November 1st. Zacks Investment Research downgraded RMR Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Canaccord Genuity set a $72.00 price objective on RMR Group and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, FBR & Co reiterated a “neutral” rating and set a $51.00 price objective (up from $50.00) on shares of RMR Group in a research note on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $60.00.

RMR Group (NYSE RMR) opened at $55.35 on Tuesday. RMR Group has a 52 week low of $35.85 and a 52 week high of $55.55.

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Hedge funds have recently bought and sold shares of the business. American International Group Inc. boosted its stake in RMR Group by 7.1% in the 1st quarter. American International Group Inc. now owns 4,261 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 281 shares during the period. Principal Financial Group Inc. bought a new position in RMR Group in the 2nd quarter worth approximately $211,000. Voya Investment Management LLC bought a new position in RMR Group in the 2nd quarter worth approximately $218,000. Trexquant Investment LP bought a new position in RMR Group in the 2nd quarter worth approximately $219,000. Finally, OMERS ADMINISTRATION Corp bought a new position in RMR Group in the 2nd quarter worth approximately $248,000.

About RMR Group

The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.

Analyst Recommendations for RMR Group (NYSE:RMR)

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