The RMR Group (NASDAQ:RMR) Stock Passes Below 50 Day Moving Average – Here’s Why

The RMR Group Inc. (NASDAQ:RMR) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $16.38 and traded as low as $16.25. The RMR Group shares last traded at $16.28, with a volume of 55,387 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RMR shares. LADENBURG THALM/SH SH started coverage on shares of The RMR Group in a report on Wednesday, January 7th. They set a “buy” rating and a $17.00 target price on the stock. Weiss Ratings raised shares of The RMR Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, February 5th. Zacks Research upgraded shares of The RMR Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Finally, Wall Street Zen raised shares of The RMR Group from a “sell” rating to a “hold” rating in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

The RMR Group Stock Performance

The firm has a market cap of $521.94 million, a P/E ratio of 11.80 and a beta of 0.93. The stock has a fifty day simple moving average of $16.38 and a 200 day simple moving average of $15.88.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The RMR Group had a return on equity of 4.03% and a net margin of 3.52%.The firm had revenue of $180.42 million for the quarter, compared to the consensus estimate of $214.10 million. Research analysts predict that The RMR Group Inc. will post 1.51 earnings per share for the current year.

The RMR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Monday, January 26th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, January 26th. This represents a $1.80 annualized dividend and a yield of 11.1%. The RMR Group’s dividend payout ratio is currently 130.43%.

Institutional Trading of The RMR Group

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its holdings in shares of The RMR Group by 313.1% during the first quarter. NewEdge Advisors LLC now owns 1,483 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,124 shares during the last quarter. New York State Common Retirement Fund boosted 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 worth $26,000 after purchasing an additional 1,400 shares during the last quarter. PNC Financial Services Group Inc. grew its position in The RMR Group by 1,307.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,773 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,647 shares during the period. Quarry LP bought a new stake in The RMR Group in the 3rd quarter worth approximately $36,000. Finally, State of Alaska Department of Revenue purchased a new stake in The RMR Group during the 4th quarter valued at $41,000. 42.31% of the stock is currently owned by institutional investors.

About The RMR Group

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.