The RMR Group (NASDAQ:RMR) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Shares of The RMR Group Inc. (NASDAQ:RMR) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.89 and traded as high as $19.29. The RMR Group shares last traded at $19.11, with a volume of 143,156 shares.

Wall Street Analyst Weigh In

RMR has been the topic of a number of research reports. Zacks Research upgraded shares of The RMR Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of The RMR Group in a research report on Monday, May 4th. Finally, B. Riley Financial reduced their target price on shares of The RMR Group from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.00.

The RMR Group Stock Down 1.2%

The company’s fifty day moving average is $16.89 and its two-hundred day moving average is $16.17. The firm has a market capitalization of $613.24 million, a price-to-earnings ratio of 15.79 and a beta of 1.03.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). The RMR Group had a net margin of 3.23% and a return on equity of 3.44%. The business had revenue of $145.63 million during the quarter, compared to analyst estimates of $171.44 million. On average, equities research analysts expect that The RMR Group Inc. will post 0.69 EPS for the current year.

The RMR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Tuesday, April 21st were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 9.4%. The ex-dividend date was Tuesday, April 21st. The RMR Group’s dividend payout ratio is currently 148.76%.

Hedge Funds Weigh In On The RMR Group

Several large investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in The RMR Group by 313.1% in the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock valued at $25,000 after buying an additional 1,124 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in The RMR Group by 12.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,252 shares of the financial services provider’s stock valued at $177,000 after buying an additional 1,212 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in The RMR Group by 11.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,337 shares of the financial services provider’s stock valued at $199,000 after buying an additional 1,345 shares during the period. New York State Common Retirement Fund lifted its holdings in The RMR Group by 538.5% in the third quarter. New York State Common Retirement Fund now owns 1,660 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,400 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in The RMR Group by 7.1% in the third quarter. Alliancebernstein L.P. now owns 21,097 shares of the financial services provider’s stock valued at $332,000 after buying an additional 1,400 shares during the period. 42.31% of the stock is currently owned by institutional investors and hedge funds.

The RMR Group Company Profile

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.