The RMR Group (NASDAQ:RMR) Shares Up 0.6%

The RMR Group Inc. (NASDAQ:RMR) traded up 0.6% during mid-day trading on Thursday . The stock traded as high as $23.52 and last traded at $23.39. 22,875 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 88,986 shares. The stock had previously closed at $23.25.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. TheStreet upgraded shares of The RMR Group from a “c+” rating to a “b-” rating in a research report on Tuesday, January 2nd. StockNews.com lowered shares of The RMR Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th.

The RMR Group Stock Up 0.3 %

The stock has a market capitalization of $739.16 million, a price-to-earnings ratio of 6.76 and a beta of 1.30. The business’s 50-day moving average is $23.90 and its two-hundred day moving average is $24.67.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The firm had revenue of $261.67 million for the quarter, compared to analyst estimates of $223.18 million. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. As a group, analysts forecast that The RMR Group Inc. will post 1.92 EPS for the current fiscal year.

The RMR Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be given a dividend of $0.45 per share. 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. This represents a $1.80 dividend on an annualized basis and a yield of 7.72%. The RMR Group’s payout ratio is presently 46.24%.

Hedge Funds Weigh In On The RMR Group

A number of institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC raised its stake in The RMR Group by 29.3% during the first quarter. Los Angeles Capital Management LLC now owns 102,827 shares of the financial services provider’s stock worth $2,468,000 after purchasing an additional 23,321 shares during the period. Price T Rowe Associates Inc. MD raised its stake in The RMR Group by 22.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,616 shares of the financial services provider’s stock worth $554,000 after purchasing an additional 3,593 shares during the period. Public Employees Retirement System of Ohio raised its stake in 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 worth $103,000 after purchasing an additional 3,303 shares during the period. Barclays PLC raised its stake in The RMR Group by 49.5% during the fourth quarter. Barclays PLC now owns 55,526 shares of the financial services provider’s stock worth $1,567,000 after purchasing an additional 18,376 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in The RMR Group by 9.6% during the fourth quarter. Nuveen Asset Management LLC now owns 214,598 shares of the financial services provider’s stock worth $6,058,000 after purchasing an additional 18,767 shares during the period. 42.31% of the stock is owned by hedge funds and other institutional investors.

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.