Breaking Finance News

Zacks Investment Research downgraded RMR Group Inc (NYSE:RMR) to Hold in a report released today.

Zacks Investment Research has downgraded RMR Group Inc (NYSE:RMR) to Hold in a report released on 10/12/2016.

Just yesterday RMR Group Inc (NYSE:RMR) traded 1.36% higher at $37.38. RMR Group Inc’s 50-day moving average is $38.61 and its 200-day moving average is $32.32. The last closing price is up 17.67% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 31,637 shares of RMR traded hands, down from an average trading volume of 40,949

Recent Performance Chart

RMR Group Inc (NYSE:RMR)

RMR Group Inc has 52 week low of $11.89 and a 52 week high of $40.67 with a PE ratio of 16.81 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 1 broker has issued a research note on the company. The average stock price target is $31.00 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On RMR Group Inc (NYSE:RMR)

The RMR Group Inc., formerly Reit Management & Research Inc., is a holding company. The Company holds interests in and is the managing member of The RMR Group LLC (RMR LLC). The Company's business primarily consists of providing management services to four real estate investment trusts (REITs), namely, Government Properties Income Trust (GOV), Hospitality Properties Trust (HPT), Select Income REIT (SIR) and Senior Housing Properties Trust, and three real estate operating companies, namely, Five Star Quality Care, Inc. (Five Star), Sonesta International Hotels Corporation and TravelCenters of America LLC. GOV primarily owns office properties majority leased to the United States Government and state governments. HPT primarily owns hotel and travel center properties. SIR primarily owns properties that are leased to single tenants, including industrial and commercial lands, on the island of Oahu, Hawaii. Five Star is a national healthcare and senior living services company.

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