The RMR Group (NASDAQ:RMR) Trading Up 1.2%

Shares of The RMR Group Inc. (NASDAQ:RMR) rose 1.2% during mid-day trading on Thursday . The company traded as high as $24.06 and last traded at $23.98. Approximately 10,251 shares were traded during trading, a decline of 89% from the average daily volume of 92,891 shares. The stock had previously closed at $23.70.

Wall Street Analyst Weigh In

RMR has been the subject of a number of recent research reports. StockNews.com lowered The RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. TheStreet upgraded The RMR Group from a “c+” rating to a “b-” rating in a report on Tuesday, January 2nd.

The RMR Group Trading Up 1.3 %

The firm has a market capitalization of $761.04 million, a PE ratio of 6.93 and a beta of 1.30. The company has a fifty day moving average price of $24.55 and a two-hundred day moving average price of $24.81.

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 the consensus estimate 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 business had revenue of $261.67 million during the quarter, compared to the consensus estimate of $223.18 million. As a group, equities research analysts predict that The RMR Group Inc. will post 1.92 earnings per share for the current year.

The RMR Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, January 22nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.67%. The ex-dividend date was Friday, January 19th. This is a boost from The RMR Group’s previous quarterly dividend of $0.30. The RMR Group’s payout ratio is 46.24%.

Hedge Funds Weigh In On The RMR Group

Institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank increased 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 worth $843,000 after purchasing an additional 700 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of The RMR Group by 153.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 47,861 shares of the financial services provider’s stock worth $1,174,000 after acquiring an additional 28,994 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of The RMR Group during the 3rd quarter worth approximately $56,000. Alps Advisors Inc. purchased a new stake in shares of The RMR Group during the 3rd quarter worth approximately $337,000. Finally, Inspire Investing LLC purchased a new stake in The RMR Group in the 3rd quarter valued at approximately $610,000. Institutional investors and hedge funds own 42.31% of the company’s stock.

About The RMR Group

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.