The RMR Group (NASDAQ:RMR) Shares Gap Up to $25.27

The RMR Group Inc. (NASDAQ:RMR) gapped up prior to trading on Wednesday . The stock had previously closed at $25.27, but opened at $25.98. The RMR Group shares last traded at $25.63, with a volume of 20,537 shares traded.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price target on The RMR Group from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th.

The RMR Group Stock Performance

The firm has a market capitalization of $803.75 million, a PE ratio of 9.39 and a beta of 1.27. The firm’s 50 day moving average price is $24.20 and its 200-day moving average price is $23.83.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The RMR Group had a net margin of 2.80% and a return on equity of 6.95%. The business had revenue of $205.48 million during the quarter, compared to analyst estimates of $227.68 million. During the same quarter in the previous year, the company posted $0.48 EPS. On average, equities research analysts expect that The RMR Group Inc. will post 1.65 earnings per share for the current fiscal year.

The RMR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date of this dividend was Monday, July 22nd. The RMR Group’s payout ratio is currently 66.91%.

Hedge Funds Weigh In On The RMR Group

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in The RMR Group by 2,724.2% during the 4th quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 899 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in The RMR Group by 26.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,217 shares of the financial services provider’s stock worth $119,000 after buying an additional 874 shares during the period. Russell Investments Group Ltd. boosted its stake in The RMR Group by 6.4% in the 4th quarter. Russell Investments Group Ltd. now owns 53,496 shares of the financial services provider’s stock worth $1,510,000 after purchasing an additional 3,214 shares during the period. Islay Capital Management LLC acquired a new stake in shares of The RMR Group in the fourth quarter worth $1,184,000. Finally, Los Angeles Capital Management LLC lifted its position in The RMR Group by 66.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 79,506 shares of the financial services provider’s stock worth $2,244,000 after buying an additional 31,645 shares in the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

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.