Acadian Asset Management LLC Lowers Position in RMR Group Inc (RMR)
Acadian Asset Management LLC trimmed its holdings in shares of RMR Group Inc (NASDAQ:RMR) by 8.2% in the fourth quarter, HoldingsChannel reports. The firm owned 456,177 shares of the financial services provider’s stock after selling 40,772 shares during the quarter. Acadian Asset Management LLC’s holdings in RMR Group were worth $27,054,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. bought a new position in shares of RMR Group during the 2nd quarter worth approximately $211,000. Voya Investment Management LLC bought a new position in shares of RMR Group during the 2nd quarter worth approximately $218,000. Aperio Group LLC bought a new position in shares of RMR Group during the 3rd quarter worth approximately $264,000. First Trust Advisors LP bought a new position in shares of RMR Group during the 3rd quarter worth approximately $292,000. Finally, Dupont Capital Management Corp bought a new position in shares of RMR Group during the 3rd quarter worth approximately $293,000. 34.54% of the stock is owned by institutional investors and hedge funds.
RMR Group Inc (RMR) opened at $65.10 on Friday. RMR Group Inc has a 52 week low of $42.35 and a 52 week high of $65.49. The firm has a market cap of $2,050.00 and a price-to-earnings ratio of 24.85.
The company also recently announced a dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 29th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 26th. This represents a dividend yield of 0.00384024577572965%. RMR Group’s dividend payout ratio is presently 38.17%.
Several brokerages have recently weighed in on RMR. BidaskClub raised shares of RMR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Investment Research cut shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. TheStreet raised shares of RMR Group from a “c” rating to a “b-” rating in a research note on Tuesday, December 12th. Finally, Oppenheimer reissued a “hold” rating on shares of RMR Group in a research note on Tuesday, December 12th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $60.50.
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RMR Group Profile
The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.
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