The RMR Group (NASDAQ:RMR) Trading 0.1% Higher

The RMR Group Inc. (NASDAQ:RMR) shares rose 0.1% during mid-day trading on Monday . The stock traded as high as $22.72 and last traded at $22.60. Approximately 14,463 shares changed hands during trading, a decline of 84% from the average daily volume of 89,547 shares. The stock had previously closed at $22.57.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RMR. StockNews.com lowered The RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. TheStreet upgraded The RMR Group from a “c+” rating to a “b-” rating in a report on Tuesday, January 2nd. Finally, JMP Securities began coverage on The RMR Group in a report on Friday, April 19th. They set a “market perform” rating on the stock.

The RMR Group Trading Down 0.0 %

The company has a 50-day simple moving average of $23.70 and a 200 day simple moving average of $24.66. The company has a market cap of $723.94 million, a P/E ratio of 6.60 and a beta of 1.30.

The RMR Group (NASDAQ:RMR) last posted its quarterly 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 business had revenue of $261.67 million for the quarter, compared to the consensus estimate of $223.18 million. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. On average, equities 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 declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, April 19th. This represents a $1.80 annualized dividend and a dividend yield of 7.88%. This is a positive change from The RMR Group’s previous quarterly dividend of $0.40. The RMR Group’s dividend payout ratio (DPR) is currently 52.02%.

Hedge Funds Weigh In On The RMR Group

Several institutional investors have recently made changes to their positions in RMR. Allspring Global Investments Holdings LLC grew its stake in The RMR Group by 203.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 63,048 shares of the financial services provider’s stock valued at $1,513,000 after purchasing an additional 42,288 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in The RMR Group by 29.3% in the first quarter. Los Angeles Capital Management LLC now owns 102,827 shares of the financial services provider’s stock valued at $2,468,000 after purchasing an additional 23,321 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in The RMR Group by 912.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,665 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 3,303 shares during the last quarter. Wasatch Advisors LP grew its stake in The RMR Group by 24.3% in the fourth quarter. Wasatch Advisors LP now owns 365,730 shares of the financial services provider’s stock valued at $10,325,000 after purchasing an additional 71,549 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in The RMR Group by 92.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 1,482 shares during the last quarter. Hedge funds and other institutional investors own 42.31% of the company’s stock.

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.