The RMR Group (NASDAQ:RMR) Stock Price Up 0.3%

The RMR Group Inc. (NASDAQ:RMR) shares shot up 0.3% on Tuesday . The company traded as high as $23.65 and last traded at $23.59. 9,939 shares were traded during mid-day trading, a decline of 89% from the average session volume of 93,327 shares. The stock had previously closed at $23.53.

Analyst Upgrades and Downgrades

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

The RMR Group Price Performance

The stock has a 50-day simple moving average of $24.55 and a 200-day simple moving average of $24.81. The stock has a market cap of $751.53 million, a P/E ratio of 6.85 and a beta of 1.30.

The RMR Group (NASDAQ:RMR) last released its earnings results 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 return on equity of 7.78% and a net margin of 5.93%. The firm had revenue of $261.67 million for the quarter, compared to analysts’ expectations of $223.18 million. As a group, sell-side analysts forecast that The RMR Group Inc. will post 1.92 earnings per share for the current year.

The RMR Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, January 22nd were issued a dividend of $0.40 per share. This is a boost from The RMR Group’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 6.75%. The ex-dividend date of this dividend was Friday, January 19th. The RMR Group’s payout ratio is 46.24%.

Hedge Funds Weigh In On The RMR Group

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its position in shares of The RMR Group by 2,724.2% during the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 899 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new stake in The RMR Group in the 3rd quarter valued at $30,000. Tower Research Capital LLC TRC grew its stake 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 valued at $32,000 after purchasing an additional 1,107 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in The RMR Group in the 2nd quarter valued at $34,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in The RMR Group in the 3rd quarter valued at $38,000. 42.31% of the stock is owned by institutional investors and hedge funds.

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.