The RMR Group (NASDAQ:RMR) Shares Up 0.6%

The RMR Group Inc. (NASDAQ:RMR) shares shot up 0.6% on Thursday . The company traded as high as $23.52 and last traded at $23.39. 22,875 shares traded hands during trading, a decline of 74% from the average session volume of 88,986 shares. The stock had previously closed at $23.25.

Analysts Set New Price Targets

A number of brokerages have weighed in on RMR. TheStreet upgraded shares of The RMR Group from a “c+” rating to a “b-” rating in a research note on Tuesday, January 2nd. StockNews.com lowered shares of The RMR Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th.

The RMR Group Stock Performance

The business’s 50-day moving average price is $23.90 and its 200-day moving average price is $24.67. The stock has a market cap of $739.16 million, a P/E ratio of 6.76 and a beta of 1.30.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. The firm had revenue of $261.67 million during the quarter, compared to the consensus estimate of $223.18 million. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be given a dividend of $0.45 per share. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, April 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.72%. The RMR Group’s payout ratio is presently 46.24%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RMR. International Assets Investment Management LLC boosted its holdings in The RMR Group by 2,724.2% in the 4th quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock worth $26,000 after buying an additional 899 shares during the period. Teachers Retirement System of The State of Kentucky bought a new position in The RMR Group in the 3rd quarter worth $30,000. Tower Research Capital LLC TRC boosted its holdings in The RMR Group by 930.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,226 shares of the financial services provider’s stock worth $32,000 after buying an additional 1,107 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in The RMR Group in the 2nd quarter worth $34,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new stake in The RMR Group in the 3rd quarter worth $38,000. 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.