Jefferies Financial Group Inc. Invests $671,000 in The RMR Group Inc. $RMR

Jefferies Financial Group Inc. purchased a new position in shares of The RMR Group Inc. (NASDAQ:RMR) in the fourth quarter, HoldingsChannel reports. The fund purchased 45,011 shares of the financial services provider’s stock, valued at approximately $671,000.

A number of other hedge funds and other institutional investors have also modified their holdings of RMR. AQR Capital Management LLC grew its holdings in shares of The RMR Group by 16.7% during the first quarter. AQR Capital Management LLC now owns 24,962 shares of the financial services provider’s stock worth $416,000 after buying an additional 3,580 shares in the last quarter. NewEdge Advisors LLC grew 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 worth $25,000 after buying an additional 1,124 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of The RMR Group by 17.1% during the first quarter. Goldman Sachs Group Inc. now owns 157,921 shares of the financial services provider’s stock worth $2,629,000 after buying an additional 23,073 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of The RMR Group during the first quarter worth about $988,000. Finally, Strs Ohio purchased a new stake in shares of The RMR Group during the first quarter worth about $50,000. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

The RMR Group Stock Performance

The RMR Group stock opened at $19.95 on Friday. The RMR Group Inc. has a 1 year low of $14.27 and a 1 year high of $20.56. The firm has a 50 day moving average price of $17.60 and a 200 day moving average price of $16.50. The company has a market cap of $640.26 million, a price-to-earnings ratio of 16.49 and a beta of 1.03.

The RMR Group (NASDAQ:RMR) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $145.63 million during the quarter, compared to analysts’ expectations of $171.44 million. Sell-side analysts predict that The RMR Group Inc. will post 0.69 EPS for the current year.

The RMR Group Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date was Tuesday, April 21st. The RMR Group’s payout ratio is presently 148.76%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RMR. Zacks Research upgraded shares of The RMR Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings upgraded shares of The RMR Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, B. Riley Financial lowered their target price on shares of The RMR Group from $24.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

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.