The RMR Group (NASDAQ:RMR) Shares Up 1.6%

The RMR Group Inc. (NASDAQ:RMR)’s share price traded up 1.6% during mid-day trading on Friday . The stock traded as high as $23.58 and last traded at $23.49. 17,181 shares traded hands during trading, a decline of 81% from the average session volume of 89,371 shares. The stock had previously closed at $23.11.

Wall Street Analyst Weigh In

RMR has been the topic of a number of analyst reports. StockNews.com cut 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 research report on Tuesday, January 2nd. Finally, JMP Securities started coverage on shares of The RMR Group in a report on Friday, April 19th. They issued a “market perform” rating on the stock.

The RMR Group Price Performance

The stock has a 50-day moving average price of $23.63 and a 200 day moving average price of $24.63. The firm has a market cap of $746.14 million, a PE ratio of 6.79 and a beta of 1.30.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $261.67 million during the quarter, compared to the consensus estimate of $223.18 million. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. As a group, equities research analysts anticipate 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 will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be paid a dividend of $0.45 per share. 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 7.65%. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. The RMR Group’s dividend payout ratio (DPR) is currently 52.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in The RMR Group by 2,724.2% during the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock valued at $26,000 after buying an additional 899 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of The RMR Group during the 4th quarter valued at $62,000. Asset Management One Co. Ltd. purchased a new stake in The RMR Group during the 3rd quarter worth $56,000. Tower Research Capital LLC TRC increased its holdings in The RMR Group by 92.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 1,482 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in The RMR Group by 912.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,665 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 3,303 shares during the period. Institutional investors and hedge funds 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.