The RMR Group (NASDAQ:RMR) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

The RMR Group Inc. (NASDAQ:RMR) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $19.97 and traded as low as $19.13. The RMR Group shares last traded at $19.22, with a volume of 82,238 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded The RMR Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, The RMR Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

The RMR Group Price Performance

The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $622.35 million, a PE ratio of 17.02 and a beta of 1.02. The stock’s 50-day moving average is $19.91 and its two-hundred day moving average is $18.64.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The RMR Group had a net margin of 3.10% and a return on equity of 2.96%. The business had revenue of $153.51 million for the quarter, compared to analysts’ expectations of $147.60 million. On average, equities analysts predict that The RMR Group Inc. will post 0.63 EPS for the current year.

The RMR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Monday, July 20th. The RMR Group’s payout ratio is currently 157.89%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RMR. Nantahala Capital Management LLC boosted its holdings in shares of The RMR Group by 55.9% in the second quarter. Nantahala Capital Management LLC now owns 1,147,902 shares of the financial services provider’s stock valued at $18,768,000 after purchasing an additional 411,700 shares during the period. Bank of America Corp DE grew its stake in The RMR Group by 76.1% in the first quarter. Bank of America Corp DE now owns 941,252 shares of the financial services provider’s stock valued at $14,561,000 after purchasing an additional 406,888 shares during the last quarter. Federated Hermes Inc. grew its position in shares of The RMR Group by 12.1% in the 4th quarter. Federated Hermes Inc. now owns 576,628 shares of the financial services provider’s stock worth $8,592,000 after buying an additional 62,307 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of The RMR Group during the first quarter worth $988,000. Finally, Jefferies Financial Group Inc. acquired a new position in The RMR Group during the 4th quarter valued at about $671,000. Hedge funds and other institutional investors own 42.31% of the company’s stock.

The RMR Group Company Profile

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.