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

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of 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 report on Tuesday, January 2nd. Finally, JMP Securities started coverage on shares of The RMR Group in a report on Friday. They set a “market perform” rating on the stock.

The RMR Group Price Performance

The stock’s 50-day moving average price is $23.85 and its 200 day moving average price is $24.67. The firm has a market cap of $715.69 million, a P/E ratio of 6.52 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 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $223.18 million. As a group, analysts forecast that The RMR Group Inc. will post 1.92 EPS for the current fiscal year.

The RMR Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.98%. The ex-dividend date of this dividend is Friday, April 19th. This is a positive change from The RMR Group’s previous quarterly dividend of $0.40. The RMR Group’s dividend payout ratio is presently 46.24%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RMR. Envestnet Asset Management Inc. grew its position in shares of The RMR Group by 2,538.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 293,339 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 282,221 shares during the period. Millennium Management LLC boosted its stake in shares of The RMR Group by 121.1% during the 4th quarter. Millennium Management LLC now owns 354,026 shares of the financial services provider’s stock worth $10,001,000 after acquiring an additional 193,901 shares during the period. BlackRock Inc. increased its holdings in shares of The RMR Group by 7.6% during the 3rd quarter. BlackRock Inc. now owns 1,478,140 shares of the financial services provider’s stock worth $35,019,000 after acquiring an additional 104,710 shares during the last quarter. UBS Group AG raised its stake in The RMR Group by 52.7% in the 1st quarter. UBS Group AG now owns 235,828 shares of the financial services provider’s stock valued at $6,188,000 after acquiring an additional 81,342 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in The RMR Group by 694.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 83,819 shares of the financial services provider’s stock valued at $2,199,000 after purchasing an additional 73,269 shares during the last quarter. 42.31% of the stock is currently owned by institutional investors.

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.