The RMR Group (NASDAQ:RMR) Shares Down 0.4%

The RMR Group Inc. (NASDAQ:RMR)’s stock price traded down 0.4% on Thursday . The company traded as low as $22.62 and last traded at $22.88. 21,572 shares were traded during trading, a decline of 76% from the average session volume of 89,253 shares. The stock had previously closed at $22.98.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. StockNews.com downgraded The RMR Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. TheStreet raised The RMR Group from a “c+” rating to a “b-” rating in a report on Tuesday, January 2nd. Finally, JMP Securities began coverage on The RMR Group in a report on Friday, April 19th. They issued a “market perform” rating for the company.

The RMR Group Stock Performance

The firm has a fifty day moving average price of $23.67 and a 200 day moving average price of $24.64. The company has a market cap of $732.82 million, a price-to-earnings ratio of 6.61 and a beta of 1.30.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The business had revenue of $261.67 million during the quarter, compared to the consensus estimate of $223.18 million. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. On average, analysts expect that The RMR Group Inc. will post 1.92 EPS for the current fiscal year.

The RMR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.79%. The ex-dividend date of this dividend is Friday, April 19th. This is a positive change from The RMR Group’s previous quarterly dividend of $0.40. The RMR Group’s dividend payout ratio is presently 52.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its position in shares of The RMR Group by 2,724.2% during the 4th quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 899 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in The RMR Group in the 3rd quarter valued at approximately $56,000. Meeder Asset Management Inc. bought a new position in shares of The RMR Group during the fourth quarter valued at $62,000. Tower Research Capital LLC TRC raised its stake in shares of The RMR Group by 92.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 1,482 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of The RMR Group by 912.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,665 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 3,303 shares during the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

About The RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.