RMR Group Inc (NYSE:RMR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “The RMR Group Inc. primarily provides management services to publicly owned real estate investment trusts and real estate operating companies. The RMR Group Inc. is headquartered in Newton, MA. “

Other equities research analysts also recently issued reports about the company. Canaccord Genuity set a $68.00 price objective on RMR Group and gave the stock a “buy” rating in a research note on Tuesday, August 15th. BidaskClub raised RMR Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 12th. Finally, FBR & Co reissued a “neutral” rating and issued a $51.00 price objective (up from $50.00) on shares of RMR Group in a research note on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. RMR Group presently has an average rating of “Hold” and an average target price of $60.00.

Shares of RMR Group (RMR) opened at $54.20 on Wednesday. RMR Group has a one year low of $33.90 and a one year high of $55.10.

RMR Group (NYSE:RMR) last announced its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The business had revenue of $55.50 million during the quarter, compared to analysts’ expectations of $54.65 million. RMR Group had a return on equity of 18.72% and a net margin of 31.72%.

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Several institutional investors and hedge funds have recently bought and sold shares of RMR. American International Group Inc. raised its stake in shares of RMR Group by 7.1% during the 1st quarter. American International Group Inc. now owns 4,261 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 281 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of RMR Group during the 2nd quarter worth about $211,000. Voya Investment Management LLC purchased a new stake in shares of RMR Group during the 2nd quarter worth about $218,000. Trexquant Investment LP purchased a new stake in shares of RMR Group during the 2nd quarter worth about $219,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of RMR Group during the 2nd quarter worth about $248,000.

About RMR Group

The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.

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