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 report released on Sunday.

The RMR Group Stock Down 0.5 %

Shares of RMR stock opened at $17.16 on Friday. The RMR Group has a 12-month low of $16.89 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 fifty day moving average of $18.61 and a 200-day moving average of $21.73. The company has a market capitalization of $546.48 million, a price-to-earnings ratio of 12.90 and a beta of 1.19.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in The RMR Group by 16.0% in the fourth 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 valued at $874,000 after buying an additional 5,841 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of The RMR Group by 182.2% in the fourth quarter. Millennium Management LLC now owns 108,619 shares of the financial services provider’s stock worth $2,242,000 after acquiring an additional 70,127 shares during the last quarter. Lazard Asset Management LLC boosted its stake 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 purchasing an additional 6,578 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of The RMR Group by 5.7% during 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 purchasing an additional 3,079 shares during the last quarter. Finally, Deutsche Bank AG increased its position 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 purchasing an additional 7,885 shares in the last quarter. Institutional investors 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.