The RMR Group (NASDAQ:RMR) Stock Price Up 0.1%

The RMR Group Inc. (NASDAQ:RMR)’s stock price traded up 0.1% during mid-day trading on Monday . The company traded as high as $24.48 and last traded at $24.27. 19,916 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 90,104 shares. The stock had previously closed at $24.24.

Analyst Upgrades and Downgrades

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

The RMR Group Stock Performance

The firm’s fifty day simple moving average is $23.54 and its 200 day simple moving average is $24.64. The stock has a market capitalization of $731.84 million, a P/E ratio of 6.67 and a beta of 1.29.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $223.18 million. Analysts anticipate that The RMR Group Inc. will post 1.92 earnings per share for the current fiscal year.

The RMR Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.80%. This is a boost from The RMR Group’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, April 19th. The RMR Group’s dividend payout ratio is presently 52.02%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RMR. International Assets Investment Management LLC grew its position in shares of 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 valued at $26,000 after buying an additional 899 shares during the last quarter. Meeder Asset Management Inc. bought a new position in The RMR Group during the 4th quarter worth approximately $62,000. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 1,482 shares during the period. Public Employees Retirement System of Ohio boosted its stake 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 purchasing an additional 3,303 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of The RMR Group by 26.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,217 shares of the financial services provider’s stock worth $119,000 after buying an additional 874 shares during the period. 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.