The RMR Group (NASDAQ:RMR - Get Free Report) had its price objective dropped by stock analysts at B. Riley from $35.00 to $32.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the financial services provider's stock. B. Riley's price target suggests a potential upside of 33.39% from the stock's previous close.
Several other equities research analysts have also recently commented on the stock. StockNews.com cut shares of The RMR Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 8th. JMP Securities initiated coverage on The RMR Group in a report on Friday, April 19th. They issued a "market perform" rating on the stock.
Read Our Latest Stock Report on RMR
The RMR Group Trading Down 0.7 %
Shares of RMR stock traded down $0.18 on Wednesday, hitting $23.99. The stock had a trading volume of 61,905 shares, compared to its average volume of 90,216. The RMR Group has a twelve month low of $21.19 and a twelve month high of $28.82. The company has a fifty day moving average price of $23.54 and a two-hundred day moving average price of $24.70. The firm has a market cap of $760.72 million, a P/E ratio of 8.92 and a beta of 1.29.
Institutional Trading of The RMR Group
A number of hedge funds and other institutional investors have recently modified their holdings of RMR. Los Angeles Capital Management LLC lifted its stake in The RMR Group by 153.7% in the third quarter. Los Angeles Capital Management LLC now owns 47,861 shares of the financial services provider's stock valued at $1,174,000 after acquiring an additional 28,994 shares during the last quarter. Meixler Investment Management Ltd. bought a new position in The RMR Group during the third quarter worth about $228,000. Jump Financial LLC acquired a new position in The RMR Group during the third quarter worth approximately $256,000. Swiss National Bank raised its stake in The RMR Group by 2.1% in the third quarter. Swiss National Bank now owns 34,392 shares of the financial services provider's stock valued at $843,000 after buying an additional 700 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of The RMR Group by 21.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 199,948 shares of the financial services provider's stock valued at $4,903,000 after buying an additional 35,747 shares during the last quarter. Institutional investors and hedge funds own 42.31% of the company's stock.
The RMR Group Company Profile
(
Get Free Report)
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.
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