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

The RMR Group Inc. (NASDAQ:RMR)’s share price was up 0.6% during trading on Wednesday . The company traded as high as $23.80 and last traded at $23.63. Approximately 9,272 shares traded hands during trading, a decline of 90% from the average daily volume of 93,549 shares. The stock had previously closed at $23.48.

Analyst Upgrades and Downgrades

RMR has been the topic of several analyst reports. StockNews.com lowered The RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. TheStreet upgraded The RMR Group from a “c+” rating to a “b-” rating in a report on Tuesday, January 2nd.

The RMR Group Stock Up 0.5 %

The company’s 50-day moving average price is $24.61 and its 200-day moving average price is $24.82. The firm has a market cap of $748.36 million, a price-to-earnings ratio of 6.84 and a beta of 1.30.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping 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 company had revenue of $261.67 million during the quarter, compared to the consensus estimate of $223.18 million. On average, sell-side analysts predict that The RMR Group Inc. will post 1.92 earnings per share for the current fiscal year.

The RMR Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, January 22nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 19th. This is a boost from The RMR Group’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 6.78%. The RMR Group’s dividend payout ratio (DPR) is currently 46.24%.

Institutional Investors Weigh In On The RMR Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position 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 valued at $26,000 after acquiring an additional 899 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new position in The RMR Group during the 3rd quarter valued at about $30,000. Tower Research Capital LLC TRC lifted its position in shares of The RMR Group by 930.3% in the first quarter. Tower Research Capital LLC TRC now owns 1,226 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,107 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of The RMR Group in the second quarter valued at $34,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of The RMR Group during the 3rd quarter worth $38,000. 42.31% of the stock is owned by hedge funds and other institutional investors.

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.