The RMR Group (NASDAQ:RMR) Trading Up 1.9%

The RMR Group Inc. (NASDAQ:RMR) shares traded up 1.9% during mid-day trading on Monday . The stock traded as high as $24.11 and last traded at $23.97. 30,288 shares changed hands during trading, a decline of 66% from the average session volume of 89,506 shares. The stock had previously closed at $23.53.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. 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 report on Tuesday, January 2nd. Finally, JMP Securities began 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 Up 1.9 %

The business has a fifty day simple moving average of $23.61 and a two-hundred day simple moving average of $24.64. The company has a market cap of $760.09 million, a P/E ratio of 6.93 and a beta of 1.30.

The RMR Group (NASDAQ:RMR) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share 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 company had revenue of $261.67 million for the quarter, compared to the consensus estimate of $223.18 million. On average, equities analysts predict that The RMR Group Inc. will post 1.92 EPS for the current fiscal year.

The RMR Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a $0.45 dividend. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. 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 7.51%. The RMR Group’s dividend payout ratio is currently 52.02%.

Institutional Trading of The RMR Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of The RMR Group by 0.6% during 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 in the last quarter. Wasatch Advisors LP grew its holdings in The RMR Group by 24.3% during the 4th quarter. Wasatch Advisors LP now owns 365,730 shares of the financial services provider’s stock valued at $10,325,000 after buying an additional 71,549 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in The RMR Group by 19.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,218 shares of the financial services provider’s stock valued at $6,753,000 after buying an additional 39,270 shares in the last quarter. UBS Group AG grew its holdings in The RMR Group by 2.0% during the 4th quarter. UBS Group AG now owns 218,180 shares of the financial services provider’s stock valued at $6,159,000 after buying an additional 4,282 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of The RMR Group by 29.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 102,827 shares of the financial services provider’s stock valued at $2,468,000 after purchasing an additional 23,321 shares during the last quarter. Hedge funds and other 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.