The RMR Group (NASDAQ:RMR) Trading Up 0%

Shares of The RMR Group Inc. (NASDAQ:RMR) shot up 0% during mid-day trading on Thursday . The company traded as high as $24.17 and last traded at $24.06. 11,622 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 90,299 shares. The stock had previously closed at $24.05.

Analysts Set New Price Targets

A number of brokerages have issued reports on RMR. JMP Securities began coverage on The RMR Group in a research note on Friday, April 19th. They issued a “market perform” rating for the company. StockNews.com lowered The RMR Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th.

The RMR Group Price Performance

The stock has a 50-day moving average price of $23.57 and a two-hundred day moving average price of $24.64. The stock has a market cap of $768.02 million, a PE ratio of 6.95 and a beta of 1.29.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share for the quarter, topping 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 company had revenue of $261.67 million for the quarter, compared to analysts’ expectations of $223.18 million. Equities research analysts expect that The RMR Group Inc. will post 1.92 earnings per share for the current year.

The RMR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend is Friday, April 19th. This is a positive change from The RMR Group’s previous quarterly dividend of $0.40. The RMR Group’s payout ratio is 52.02%.

Institutional Trading of The RMR Group

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