The RMR Group Inc. (NASDAQ:RMR) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in shares of The RMR Group Inc. (NASDAQ:RMR) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 30,102 shares of the financial services provider’s stock after purchasing an additional 817 shares during the period. Janney Montgomery Scott LLC’s holdings in The RMR Group were worth $764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Garner Asset Management Corp lifted its holdings in shares of The RMR Group by 14.8% during the second quarter. Garner Asset Management Corp now owns 282,528 shares of the financial services provider’s stock worth $6,385,000 after purchasing an additional 36,369 shares during the period. Federated Hermes Inc. lifted its holdings in shares of The RMR Group by 4.7% during the second quarter. Federated Hermes Inc. now owns 527,826 shares of the financial services provider’s stock worth $11,929,000 after purchasing an additional 23,654 shares during the period. International Assets Investment Management LLC lifted its holdings in The RMR Group by 2,439.0% in the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,000 shares during the period. Nisa Investment Advisors LLC lifted its holdings in The RMR Group by 42.8% in the second quarter. Nisa Investment Advisors LLC now owns 8,029 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 2,405 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in The RMR Group by 9.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 69,321 shares of the financial services provider’s stock valued at $1,567,000 after acquiring an additional 6,273 shares during the period. 42.31% of the stock is owned by institutional investors and hedge funds.

The RMR Group Price Performance

The RMR Group stock opened at $22.19 on Monday. The RMR Group Inc. has a one year low of $22.01 and a one year high of $28.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.86 and a current ratio of 0.85. The business has a fifty day moving average of $24.69 and a two-hundred day moving average of $24.24. The company has a market cap of $703.98 million, a P/E ratio of 16.32 and a beta of 1.26.

The RMR Group (NASDAQ:RMR) last released its earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The RMR Group had a net margin of 2.57% and a return on equity of 6.40%. The business had revenue of $212.30 million during the quarter, compared to analyst estimates of $220.15 million. During the same period last year, the business posted $0.48 EPS. As a group, analysts predict that The RMR Group Inc. will post 1.51 earnings per share for the current fiscal year.

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.11%. The ex-dividend date of this dividend was Monday, October 28th. The RMR Group’s dividend payout ratio (DPR) is currently 132.35%.

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.