The RMR Group (NASDAQ:RMR) Shares Up 0.6%

Shares of The RMR Group Inc. (NASDAQ:RMR) shot up 0.6% during mid-day trading on Wednesday . The company traded as high as $23.49 and last traded at $23.40. 12,017 shares were traded during mid-day trading, a decline of 87% from the average session volume of 89,097 shares. The stock had previously closed at $23.25.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. TheStreet upgraded The RMR Group from a “c+” rating to a “b-” rating in a research report on Tuesday, January 2nd. StockNews.com downgraded The RMR Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th.

The RMR Group Stock Performance

The business has a 50-day moving average price of $23.96 and a 200 day moving average price of $24.69. The stock has a market capitalization of $738.53 million, a P/E ratio of 6.76 and a beta of 1.30.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. The company had revenue of $261.67 million during the quarter, compared to analyst estimates of $223.18 million. As a group, research analysts forecast that The RMR Group Inc. will post 1.92 earnings per share for the current fiscal year.

The RMR Group Increases Dividend

The business also recently announced 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 is Friday, April 19th. This is a positive change from The RMR Group’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 7.73%. The RMR Group’s payout ratio is currently 46.24%.

Institutional Investors Weigh In On The RMR Group

A number of hedge funds have recently added to or reduced their stakes in RMR. Hsbc Holdings PLC increased its stake in shares of The RMR Group by 4.6% in the 4th quarter. Hsbc Holdings PLC now owns 10,797 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 470 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in The RMR Group by 0.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 68,914 shares of the financial services provider’s stock worth $2,143,000 after buying an additional 554 shares during the period. Rhumbline Advisers boosted its holdings in The RMR Group by 0.9% in the 1st quarter. Rhumbline Advisers now owns 67,135 shares of the financial services provider’s stock worth $1,762,000 after buying an additional 609 shares during the period. Swiss National Bank boosted its holdings in The RMR Group by 2.1% in the 3rd quarter. Swiss National Bank now owns 34,392 shares of the financial services provider’s stock worth $843,000 after buying an additional 700 shares during the period. Finally, Royal Bank of Canada boosted its holdings in The RMR Group by 4.6% in the 1st quarter. Royal Bank of Canada now owns 16,438 shares of the financial services provider’s stock worth $511,000 after buying an additional 722 shares during the period. 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.