The RMR Group (NASDAQ:RMR) Shares Up 0%

The RMR Group Inc. (NASDAQ:RMR)’s stock price shot up 0% during trading on Thursday . The stock traded as high as $24.17 and last traded at $24.06. 11,622 shares changed hands during trading, a decline of 87% from the average session volume of 90,299 shares. The stock had previously closed at $24.05.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JMP Securities assumed coverage on shares of The RMR Group in a research note on Friday, April 19th. They set a “market perform” rating on the stock. StockNews.com lowered shares of The RMR Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th.

The RMR Group Price Performance

The stock’s 50 day simple moving average is $23.57 and its two-hundred day simple moving average is $24.64. The stock has a market cap of $768.02 million, a P/E ratio of 6.95 and a beta of 1.29.

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

The RMR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, April 19th. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.43%. The RMR Group’s dividend payout ratio (DPR) is 52.02%.

Institutional Trading of The RMR Group

A number of hedge funds and other institutional investors have recently made changes to their positions in RMR. International Assets Investment Management LLC increased its holdings in The RMR Group by 2,724.2% during the fourth quarter. International Assets Investment Management LLC now owns 932 shares of the financial services provider’s stock worth $26,000 after buying an additional 899 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in The RMR Group during the third quarter worth $56,000. Meeder Asset Management Inc. acquired a new position in The RMR Group during the fourth quarter worth $62,000. Tower Research Capital LLC TRC increased its holdings in shares of The RMR Group by 92.0% in 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 purchasing an additional 1,482 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of The RMR Group by 912.4% in 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 purchasing an additional 3,303 shares during the last quarter. 42.31% of the stock is currently owned by institutional investors and hedge funds.

The RMR Group Company Profile

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.