The RMR Group (NASDAQ:RMR) Trading Down 0.2%

The RMR Group Inc. (NASDAQ:RMR)’s stock price dropped 0.2% on Tuesday . The company traded as low as $23.71 and last traded at $23.94. Approximately 23,931 shares were traded during trading, a decline of 73% from the average daily volume of 89,631 shares. The stock had previously closed at $24.00.

Analyst Ratings Changes

Several research analysts have commented on the company. JMP Securities started coverage on The RMR Group in a research report on Friday, April 19th. They issued a “market perform” rating on the stock. StockNews.com cut shares of The RMR Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th.

The RMR Group Trading Up 0.5 %

The company has a market capitalization of $766.43 million, a P/E ratio of 6.95 and a beta of 1.29. The business has a 50 day moving average price of $23.57 and a 200 day moving average price of $24.64.

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

The RMR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date is Friday, April 19th. 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 52.02%.

Hedge Funds Weigh In On The RMR Group

A number of institutional investors have recently modified their holdings of RMR. International Assets Investment Management LLC increased its stake in shares of The RMR Group by 2,724.2% in the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock valued at $26,000 after buying an additional 899 shares during the period. Meeder Asset Management Inc. bought a new stake in The RMR Group in the 4th quarter valued at about $62,000. Asset Management One Co. Ltd. bought a new stake in The RMR Group during the 3rd quarter valued at $56,000. Tower Research Capital LLC TRC raised its holdings in shares of The RMR Group by 92.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 1,482 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in The RMR Group by 912.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,665 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 3,303 shares in the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

About The RMR Group

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.