RMR Group (RMR) Raised to “Buy” at Zacks Investment Research

RMR Group (NASDAQ:RMR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage currently has a $68.00 target price on the financial services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.93% from the company’s current price.

According to Zacks, “The RMR Group Inc. primarily provides management services to publicly owned real estate investment trusts and real estate operating companies. The RMR Group Inc. is headquartered in Newton, MA. “

A number of other research analysts also recently commented on RMR. BidaskClub downgraded shares of RMR Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. FBR & Co reissued a “neutral” rating and issued a $51.00 price objective (up previously from $50.00) on shares of RMR Group in a research report on Monday, October 2nd. B. Riley reissued a “neutral” rating on shares of RMR Group in a research report on Wednesday, November 1st. Oppenheimer restated a “hold” rating on shares of RMR Group in a research note on Tuesday, December 12th. Finally, TheStreet upgraded shares of RMR Group from a “c” rating to a “b-” rating in a research note on Tuesday, December 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. RMR Group has a consensus rating of “Buy” and an average target price of $60.50.

Shares of RMR Group (RMR) remained flat at $$60.75 on Wednesday. 26,700 shares of the stock traded hands, compared to its average volume of 30,267. RMR Group has a 12-month low of $39.10 and a 12-month high of $62.25. The company has a market cap of $1,890.00 and a P/E ratio of 23.19.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dupont Capital Management Corp acquired a new stake in shares of RMR Group during the 3rd quarter worth about $293,000. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of RMR Group by 5.2% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 56,738 shares of the financial services provider’s stock worth $2,759,000 after buying an additional 2,800 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of RMR Group by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 581,943 shares of the financial services provider’s stock worth $28,312,000 after buying an additional 9,629 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of RMR Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 170,714 shares of the financial services provider’s stock worth $8,306,000 after buying an additional 28,263 shares during the last quarter. Finally, Seizert Capital Partners LLC lifted its stake in shares of RMR Group by 13.4% during the 3rd quarter. Seizert Capital Partners LLC now owns 96,342 shares of the financial services provider’s stock worth $4,947,000 after buying an additional 11,417 shares during the last quarter. Institutional investors own 34.36% of the company’s stock.

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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.

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