The RMR Group (NASDAQ:RMR) Trading Up 1%

Shares of The RMR Group Inc. (NASDAQ:RMR) rose 1% on Thursday . The stock traded as high as $23.60 and last traded at $23.31. Approximately 14,206 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 90,480 shares. The stock had previously closed at $23.08.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RMR shares. StockNews.com cut The RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. JMP Securities started coverage on The RMR Group in a report on Friday, April 19th. They set a “market perform” rating on the stock.

The RMR Group Stock Performance

The company has a fifty day moving average of $23.54 and a two-hundred day moving average of $24.64. The company has a market cap of $758.48 million, a PE ratio of 6.74 and a beta of 1.29.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $223.18 million. On average, equities analysts forecast that The RMR Group Inc. will post 1.92 EPS for the current year.

The RMR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $1.80 dividend on an annualized basis and a yield of 7.53%. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. The RMR Group’s dividend payout ratio (DPR) is presently 52.02%.

Institutional Investors Weigh In On The RMR Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank raised its stake in The RMR Group by 2.1% in the third quarter. Swiss National Bank now owns 34,392 shares of the financial services provider’s stock valued at $843,000 after buying an additional 700 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of The RMR Group by 153.7% in the third quarter. Los Angeles Capital Management LLC now owns 47,861 shares of the financial services provider’s stock worth $1,174,000 after purchasing an additional 28,994 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of The RMR Group in the third quarter worth about $337,000. Vanguard Group Inc. raised its stake in shares of The RMR Group by 0.6% in the third quarter. Vanguard Group Inc. now owns 2,275,399 shares of the financial services provider’s stock worth $55,793,000 after purchasing an additional 14,559 shares during the last quarter. Finally, Islay Capital Management LLC purchased a new position in shares of The RMR Group in the fourth quarter worth about $1,184,000. Institutional investors own 42.31% of the company’s stock.

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.