The RMR Group (NASDAQ:RMR) Trading 0.1% Higher

The RMR Group Inc. (NASDAQ:RMR) shares traded up 0.1% on Monday . The company traded as high as $22.72 and last traded at $22.60. 14,463 shares changed hands during trading, a decline of 84% from the average session volume of 89,547 shares. The stock had previously closed at $22.57.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JMP Securities assumed coverage on shares of The RMR Group in a report on Friday, April 19th. They set a “market perform” rating on the stock. TheStreet upgraded shares of The RMR Group from a “c+” rating to a “b-” rating in a research report on Tuesday, January 2nd. Finally, StockNews.com downgraded shares of The RMR Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th.

The RMR Group Price Performance

The company’s fifty day simple moving average is $23.70 and its two-hundred day simple moving average is $24.66. The stock has a market cap of $723.94 million, a price-to-earnings ratio of 6.60 and a beta of 1.30.

The RMR Group (NASDAQ:RMR) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $261.67 million for 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%. On average, analysts forecast that The RMR Group Inc. will post 1.92 earnings per share for the current year.

The RMR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, April 19th. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 7.88%. The RMR Group’s dividend payout ratio is 52.02%.

Institutional Investors Weigh In On The RMR Group

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its holdings in shares of The RMR Group by 2,724.2% in the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock worth $26,000 after buying an additional 899 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of The RMR Group in the third quarter worth about $56,000. Meeder Asset Management Inc. purchased a new stake in The RMR Group in the fourth quarter valued at approximately $62,000. Tower Research Capital LLC TRC raised its stake in The RMR Group by 92.0% in the fourth 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 stake 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 in the last quarter. 42.31% of the stock is owned by hedge funds and other institutional investors.

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.