The RMR Group (NASDAQ:RMR) Coverage Initiated by Analysts at B. Riley

B. Riley started coverage on shares of The RMR Group (NASDAQ:RMR) in a note issued to investors on Tuesday. The firm set a “buy” rating and a $24.00 price target on the financial services provider’s stock. B. Riley’s price objective would indicate a potential upside of 60.43% from the stock’s current price.

Separately, StockNews.com upgraded shares of The RMR Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th.

The RMR Group Stock Performance

Shares of The RMR Group stock opened at $14.96 on Tuesday. The firm has a market cap of $476.42 million, a P/E ratio of 11.25 and a beta of 1.08. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $16.92 and a 200 day simple moving average of $20.05. The RMR Group has a fifty-two week low of $14.47 and a fifty-two week high of $26.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RMR. GAMMA Investing LLC grew its position in shares of The RMR Group by 20,880.0% in the 1st quarter. GAMMA Investing LLC now owns 2,098 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 2,088 shares during the period. Quantbot Technologies LP bought a new position in shares of The RMR Group in the fourth quarter valued at $63,000. SG Americas Securities LLC raised its position in The RMR Group by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 908 shares in the last quarter. Aquatic Capital Management LLC lifted its stake in The RMR Group by 252.2% in the fourth quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 5,800 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of The RMR Group by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 2,010 shares during the last quarter. 42.31% of the stock is currently owned by institutional investors.

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.