The RMR Group (NASDAQ:RMR) Trading 0.2% Higher

The RMR Group Inc. (NASDAQ:RMR) traded up 0.2% on Friday . The company traded as high as $24.75 and last traded at $24.23. 25,067 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 90,168 shares. The stock had previously closed at $24.17.

Wall Street Analyst Weigh In

A number of brokerages have commented on RMR. StockNews.com cut The RMR Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. JMP Securities assumed coverage on shares of The RMR Group in a report on Friday, April 19th. They set a “market perform” rating for the company.

The RMR Group Price Performance

The business has a 50 day moving average of $23.57 and a 200 day moving average of $24.64. The company has a market cap of $768.63 million, a PE ratio of 7.01 and a beta of 1.29.

The RMR Group (NASDAQ:RMR) last announced 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 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 analyst estimates of $223.18 million. Sell-side analysts forecast that The RMR Group Inc. will post 1.92 EPS for the current fiscal year.

The RMR Group Increases Dividend

The company also recently declared 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 is Friday, April 19th. This is a positive change from The RMR Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 7.43%. The RMR Group’s payout ratio is currently 52.02%.

Hedge Funds Weigh In On The RMR Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank lifted its position in The RMR Group by 2.1% during the 3rd quarter. Swiss National Bank now owns 34,392 shares of the financial services provider’s stock valued at $843,000 after acquiring an additional 700 shares during the period. Los Angeles Capital Management LLC increased its holdings in The RMR Group by 153.7% during the third quarter. Los Angeles Capital Management LLC now owns 47,861 shares of the financial services provider’s stock valued at $1,174,000 after buying an additional 28,994 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of The RMR Group during the 3rd quarter valued at $56,000. Alps Advisors Inc. purchased a new stake in shares of The RMR Group in the 3rd quarter worth $337,000. Finally, Vanguard Group Inc. lifted its position in 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 valued at $55,793,000 after purchasing an additional 14,559 shares in 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.