Maven Securities LTD bought a new stake in shares of RMR Group Inc (NASDAQ:RMR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 50,000 shares of the financial services provider’s stock, valued at approximately $2,320,000. RMR Group accounts for about 1.5% of Maven Securities LTD’s investment portfolio, making the stock its 26th biggest position. Maven Securities LTD owned approximately 0.16% of RMR Group at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of RMR. Bank of Montreal Can raised its position in RMR Group by 104.3% during the 1st quarter. Bank of Montreal Can now owns 672 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 343 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in RMR Group by 255.8% in the first quarter. BNP Paribas Arbitrage SA now owns 1,836 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,320 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in RMR Group during the 2nd quarter worth about $224,000. Public Employees Retirement System of Ohio grew its holdings in RMR Group by 69.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,857 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 1,994 shares in the last quarter. Finally, Capital Fund Management S.A. grew its holdings in RMR Group by 13.7% during the 2nd quarter. Capital Fund Management S.A. now owns 5,800 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 700 shares in the last quarter. 47.20% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Housing Properties Trus Senior sold 2,637,408 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $40.00, for a total transaction of $105,496,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 55.10% of the company’s stock.
RMR traded down $0.03 on Wednesday, hitting $47.97. The company had a trading volume of 4,304 shares, compared to its average volume of 103,545. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 20.65 and a beta of 1.22. The stock has a fifty day moving average price of $46.49 and a 200-day moving average price of $53.98. RMR Group Inc has a 12-month low of $41.69 and a 12-month high of $98.00.
RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Friday, August 9th. The financial services provider reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). RMR Group had a net margin of 12.02% and a return on equity of 15.50%. The firm had revenue of $143.72 million for the quarter, compared to analysts’ expectations of $133.10 million. On average, research analysts forecast that RMR Group Inc will post 4.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 29th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, July 26th. This represents a $1.40 annualized dividend and a dividend yield of 2.92%. RMR Group’s dividend payout ratio (DPR) is presently 60.09%.
Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of RMR Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 2nd. B. Riley dropped their price objective on shares of RMR Group from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Oppenheimer raised shares of RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 price objective on the stock in a report on Monday, July 1st. S&P Equity Research raised shares of RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a research note on Monday, July 1st. They noted that the move was a valuation call. Finally, Citigroup assumed coverage on RMR Group in a report on Wednesday, September 4th. They set a “neutral” rating and a $46.00 target price for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. RMR Group currently has an average rating of “Hold” and an average target price of $55.50.
About RMR Group
The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.
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