Linden Thomas Advisory Services LLC Has $773,000 Holdings in The RMR Group Inc. $RMR

Linden Thomas Advisory Services LLC lessened its holdings in The RMR Group Inc. (NASDAQ:RMR) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,261 shares of the financial services provider’s stock after selling 777 shares during the period. Linden Thomas Advisory Services LLC’s holdings in The RMR Group were worth $773,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Aviance Capital Partners LLC boosted its stake in shares of The RMR Group by 187.7% in the 1st quarter. Aviance Capital Partners LLC now owns 55,033 shares of the financial services provider’s stock valued at $916,000 after purchasing an additional 35,904 shares in the last quarter. Garner Asset Management Corp boosted its position in The RMR Group by 29.9% in the first quarter. Garner Asset Management Corp now owns 417,999 shares of the financial services provider’s stock valued at $6,960,000 after buying an additional 96,315 shares in the last quarter. XTX Topco Ltd acquired a new stake in The RMR Group in the first quarter valued at approximately $287,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of The RMR Group during the first quarter worth $236,000. Finally, Nuveen LLC acquired a new position in shares of The RMR Group during the first quarter worth $787,000. Institutional investors own 42.31% of the company’s stock.

The RMR Group Trading Down 0.4%

Shares of NASDAQ RMR opened at $15.08 on Monday. The firm has a 50 day moving average price of $16.04 and a two-hundred day moving average price of $15.91. The stock has a market cap of $480.60 million, a P/E ratio of 12.89 and a beta of 1.19. The RMR Group Inc. has a 52-week low of $13.48 and a 52-week high of $25.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.88 and a current ratio of 0.88.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $154.73 million for the quarter, compared to analyst estimates of $201.80 million. The RMR Group had a net margin of 2.56% and a return on equity of 5.01%. As a group, equities analysts forecast that The RMR Group Inc. will post 1.51 EPS for the current year.

The RMR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, October 27th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, October 27th. This represents a $1.80 annualized dividend and a dividend yield of 11.9%. The RMR Group’s dividend payout ratio is presently 153.85%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of The RMR Group in a report on Saturday. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $24.00.

The RMR Group 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.