The RMR Group (NASDAQ:RMR) Shares Up 0.6%

The RMR Group Inc. (NASDAQ:RMR) rose 0.6% during trading on Wednesday . The stock traded as high as $23.49 and last traded at $23.40. Approximately 12,017 shares changed hands during trading, a decline of 87% from the average daily volume of 89,097 shares. The stock had previously closed at $23.25.

Analyst Upgrades and Downgrades

RMR has been the subject of several analyst reports. StockNews.com downgraded The RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. TheStreet raised The RMR Group from a “c+” rating to a “b-” rating in a report on Tuesday, January 2nd.

The RMR Group Price Performance

The firm’s fifty day moving average is $23.96 and its 200 day moving average is $24.69. The firm has a market capitalization of $738.53 million, a price-to-earnings ratio of 6.76 and a beta of 1.30.

The RMR Group (NASDAQ:RMR) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. The company had revenue of $261.67 million during the quarter, compared to the consensus estimate of $223.18 million. Equities research analysts forecast that The RMR Group Inc. will post 1.92 EPS for the current fiscal year.

The RMR Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $1.80 dividend on an annualized basis and a yield of 7.73%. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. The RMR Group’s payout ratio is 46.24%.

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 company. Vanguard Group Inc. raised its stake in shares of The RMR Group by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 2,341,719 shares of the financial services provider’s stock worth $72,827,000 after purchasing an additional 19,870 shares in the last quarter. BlackRock Inc. raised its stake in shares of The RMR Group by 7.6% in the 3rd quarter. BlackRock Inc. now owns 1,478,140 shares of the financial services provider’s stock valued at $35,019,000 after acquiring an additional 104,710 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of The RMR Group by 1.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 972,285 shares of the financial services provider’s stock valued at $25,513,000 after acquiring an additional 13,220 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of The RMR Group by 2.0% in the 2nd quarter. Renaissance Technologies LLC now owns 426,614 shares of the financial services provider’s stock valued at $9,885,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of The RMR Group by 8.4% in the 1st quarter. Royce & Associates LP now owns 398,738 shares of the financial services provider’s stock valued at $10,463,000 after acquiring an additional 31,000 shares in the last quarter. 42.31% of the stock is owned by hedge funds and other 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.