California Public Employees Retirement System held its position in The RMR Group Inc. (NASDAQ:RMR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,893 shares of the financial services provider’s stock at the end of the 2nd quarter. California Public Employees Retirement System owned 0.12% of The RMR Group worth $870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in shares of The RMR Group by 49.6% during the 1st quarter. Bank of New York Mellon Corp now owns 39,444 shares of the financial services provider’s stock worth $1,951,000 after acquiring an additional 13,074 shares during the period. American International Group Inc. lifted its holdings in shares of The RMR Group by 7.1% during the 1st quarter. American International Group Inc. now owns 4,261 shares of the financial services provider’s stock worth $211,000 after acquiring an additional 281 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of The RMR Group by 469.8% during the 1st quarter. Alliancebernstein L.P. now owns 39,260 shares of the financial services provider’s stock worth $1,943,000 after acquiring an additional 32,370 shares during the period. Teachers Advisors LLC lifted its holdings in shares of The RMR Group by 17.7% during the 1st quarter. Teachers Advisors LLC now owns 37,887 shares of the financial services provider’s stock worth $1,875,000 after acquiring an additional 5,689 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of The RMR Group by 47.9% during the 1st quarter. TIAA CREF Investment Management LLC now owns 93,858 shares of the financial services provider’s stock worth $4,646,000 after acquiring an additional 30,388 shares during the period. 33.04% of the stock is owned by hedge funds and other institutional investors.

The RMR Group Inc. (RMR) opened at $55.95 on Wednesday. The stock has a market cap of $835.48, a P/E ratio of 31.10 and a beta of -0.86. The RMR Group Inc. has a 12-month low of $37.51 and a 12-month high of $56.05.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, October 23rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, October 20th. The RMR Group’s dividend payout ratio is 35.97%.

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A number of brokerages have recently weighed in on RMR. B. Riley reaffirmed a “neutral” rating on shares of The RMR Group in a report on Wednesday, November 1st. BidaskClub raised shares of The RMR Group from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research cut shares of The RMR Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Canaccord Genuity set a $72.00 price objective on shares of The RMR Group and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Finally, FBR & Co reiterated a “neutral” rating and set a $51.00 price objective (up from $50.00) on shares of The RMR Group in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.00.

The 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.

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

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