RMR Group Inc (RMR) Position Boosted by IndexIQ Advisors LLC
IndexIQ Advisors LLC increased its position in RMR Group Inc (NYSE:RMR) by 83.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,511 shares of the financial services provider’s stock after acquiring an additional 7,946 shares during the period. IndexIQ Advisors LLC owned about 0.11% of RMR Group worth $899,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in RMR. Vanguard Group Inc. raised its stake in RMR Group by 8.7% during the 1st quarter. Vanguard Group Inc. now owns 572,314 shares of the financial services provider’s stock valued at $28,330,000 after buying an additional 45,603 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in RMR Group during the 2nd quarter valued at $1,774,000. FMR LLC increased its stake in shares of RMR Group by 114.5% in the 2nd quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock worth $3,018,000 after purchasing an additional 33,115 shares in the last quarter. Seizert Capital Partners LLC increased its stake in shares of RMR Group by 62.9% in the 2nd quarter. Seizert Capital Partners LLC now owns 84,925 shares of the financial services provider’s stock worth $4,132,000 after purchasing an additional 32,792 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of RMR Group by 469.8% in the 1st quarter. Alliancebernstein L.P. now owns 39,260 shares of the financial services provider’s stock worth $1,943,000 after purchasing an additional 32,370 shares in the last quarter.
RMR Group Inc (RMR) opened at $54.55 on Friday. RMR Group Inc has a 1-year low of $35.35 and a 1-year high of $55.10.
RMR Group (NYSE:RMR) last announced its earnings results on Wednesday, August 9th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The business had revenue of $55.50 million for the quarter, compared to analysts’ expectations of $54.65 million. RMR Group had a net margin of 31.72% and a return on equity of 18.72%.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, October 23rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, October 20th.
Several equities research analysts have recently commented on RMR shares. Canaccord Genuity set a $68.00 price objective on RMR Group and gave the stock a “buy” rating in a research note on Tuesday, August 15th. BidaskClub raised shares of RMR Group from a “hold” rating to a “buy” rating in a report on Thursday, October 12th. Zacks Investment Research downgraded shares of RMR Group from a “buy” rating to a “hold” rating in a report on Wednesday. B. Riley reissued a “neutral” rating on shares of RMR Group in a report on Wednesday, November 1st. Finally, FBR & Co reissued a “neutral” rating and set a $51.00 price objective (up previously from $50.00) on shares of RMR Group in a report on Monday, October 2nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. RMR Group has an average rating of “Hold” and an average price target of $60.00.
RMR Group Profile
The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.
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