The RMR Group (NASDAQ:RMR) Shares Cross Above Fifty Day Moving Average – Time to Sell?

The RMR Group Inc. (NASDAQ:RMR) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $16.89 and traded as high as $19.29. The RMR Group shares last traded at $19.11, with a volume of 143,156 shares trading hands.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. B. Riley Financial lowered their target price on shares of The RMR Group from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of The RMR Group in a research note on Monday, May 4th. Finally, Zacks Research raised shares of The RMR Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

The RMR Group Price Performance

The stock has a market capitalization of $613.24 million, a P/E ratio of 15.79 and a beta of 1.03. The company’s 50 day simple moving average is $16.89 and its two-hundred day simple moving average is $16.17.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $145.63 million for the quarter, compared to the consensus estimate of $171.44 million. The RMR Group had a return on equity of 3.44% and a net margin of 3.23%. On average, research analysts anticipate that The RMR Group Inc. will post 0.69 earnings per share for the current fiscal year.

The RMR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend was Tuesday, April 21st. The RMR Group’s dividend payout ratio is currently 148.76%.

Institutional Trading of The RMR Group

Several large investors have recently added to or reduced their stakes in the company. Flat Footed LLC grew its stake in The RMR Group by 2.4% during the first quarter. Flat Footed LLC now owns 802,739 shares of the financial services provider’s stock worth $12,418,000 after buying an additional 18,776 shares during the last quarter. State of Wyoming bought a new stake in The RMR Group during the first quarter worth about $137,000. First Trust Advisors LP grew its stake in The RMR Group by 19.1% during the first quarter. First Trust Advisors LP now owns 13,411 shares of the financial services provider’s stock worth $207,000 after buying an additional 2,147 shares during the last quarter. Aviance Capital Partners LLC grew its stake in The RMR Group by 41.7% during the first quarter. Aviance Capital Partners LLC now owns 90,134 shares of the financial services provider’s stock worth $1,394,000 after buying an additional 26,536 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in The RMR Group by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 77,962 shares of the financial services provider’s stock worth $1,206,000 after buying an additional 3,769 shares during the last quarter. 42.31% of the stock is owned by institutional investors.

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.