Prudential Financial Inc. boosted its position in RMR Group Inc (NASDAQ:RMR) by 65.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 114,043 shares of the financial services provider’s stock after buying an additional 45,139 shares during the quarter. Prudential Financial Inc.’s holdings in RMR Group were worth $5,358,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of Montreal Can lifted its stake in RMR Group by 104.3% in the first quarter. Bank of Montreal Can now owns 672 shares of the financial services provider’s stock valued at $41,000 after buying an additional 343 shares during the period. Globeflex Capital L P lifted its stake in RMR Group by 4.2% in the first quarter. Globeflex Capital L P now owns 18,699 shares of the financial services provider’s stock valued at $1,140,000 after buying an additional 754 shares during the period. WINTON GROUP Ltd lifted its stake in RMR Group by 10.7% in the second quarter. WINTON GROUP Ltd now owns 7,848 shares of the financial services provider’s stock valued at $369,000 after buying an additional 759 shares during the period. Strs Ohio lifted its stake in RMR Group by 7.9% in the second quarter. Strs Ohio now owns 10,900 shares of the financial services provider’s stock valued at $512,000 after buying an additional 800 shares during the period. Finally, Swiss National Bank lifted its stake in RMR Group by 9.0% in the second quarter. Swiss National Bank now owns 12,092 shares of the financial services provider’s stock valued at $568,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 47.20% of the company’s stock.

RMR has been the topic of several analyst reports. CIBC raised RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a research note on Monday, July 1st. ValuEngine lowered RMR Group from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. BidaskClub raised RMR Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 2nd. B. Riley cut their target price on RMR Group from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Finally, Oppenheimer raised RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a research note on Monday, July 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $55.50.

Shares of NASDAQ RMR traded up $0.25 during mid-day trading on Friday, reaching $48.25. 182 shares of the company’s stock were exchanged, compared to its average volume of 104,550. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 20.66 and a beta of 1.22. The business has a fifty day simple moving average of $46.48 and a 200 day simple moving average of $53.84. RMR Group Inc has a twelve month low of $41.69 and a twelve month high of $97.55.

RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Friday, August 9th. The financial services provider reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The business had revenue of $143.72 million for the quarter, compared to analyst estimates of $133.10 million. RMR Group had a return on equity of 15.50% and a net margin of 12.02%. As a group, research analysts predict that RMR Group Inc will post 4.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 29th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Friday, July 26th. RMR Group’s dividend payout ratio is currently 60.09%.

In other news, major shareholder Housing Properties Trus Senior sold 2,637,408 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $40.00, for a total transaction of $105,496,320.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 55.10% of the company’s stock.

RMR Group Company Profile

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.

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Institutional Ownership by Quarter for RMR Group (NASDAQ:RMR)

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