The RMR Group (NASDAQ:RMR) Raised to “Strong-Buy” at B. Riley

The RMR Group (NASDAQ:RMR) was upgraded by equities researchers at B. Riley to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, StockNews.com raised The RMR Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th.

The RMR Group Trading Down 2.0 %

Shares of NASDAQ RMR opened at $14.66 on Monday. The RMR Group has a twelve month low of $14.34 and a twelve month high of $26.43. The stock has a market cap of $466.86 million, a price-to-earnings ratio of 11.02 and a beta of 1.08. 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 company’s fifty day moving average is $16.85 and its 200-day moving average is $20.01.

Institutional Investors Weigh In On The RMR Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. increased its holdings in The RMR Group by 1.9% during the 4th quarter. Federated Hermes Inc. now owns 539,276 shares of the financial services provider’s stock worth $11,131,000 after purchasing an additional 10,291 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of The RMR Group by 4.8% during the fourth quarter. Renaissance Technologies LLC now owns 487,214 shares of the financial services provider’s stock worth $10,056,000 after buying an additional 22,300 shares during the period. Nantahala Capital Management LLC grew its holdings in shares of The RMR Group by 32.8% during the fourth quarter. Nantahala Capital Management LLC now owns 450,792 shares of the financial services provider’s stock worth $9,304,000 after buying an additional 111,306 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of The RMR Group by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 434,398 shares of the financial services provider’s stock worth $8,968,000 after buying an additional 10,090 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in The RMR Group by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 380,112 shares of the financial services provider’s stock valued at $7,846,000 after buying an additional 26,661 shares during the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

About The RMR Group

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.