The RMR Group (NASDAQ:RMR) Trading Down 0.2%

The RMR Group Inc. (NASDAQ:RMR) traded down 0.2% during trading on Tuesday . The company traded as low as $23.71 and last traded at $23.94. 23,931 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 89,631 shares. The stock had previously closed at $24.00.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RMR. StockNews.com cut shares of The RMR Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. JMP Securities assumed coverage on shares of The RMR Group in a report on Friday, April 19th. They issued a “market perform” rating on the stock.

The RMR Group Stock Performance

The firm has a fifty day simple moving average of $23.57 and a two-hundred day simple moving average of $24.64. The firm has a market cap of $766.43 million, a PE ratio of 6.95 and a beta of 1.29.

The RMR Group (NASDAQ:RMR) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. The firm had revenue of $261.67 million during the quarter, compared to the consensus estimate of $223.18 million. Equities 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 announced 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 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 7.45%. The RMR Group’s payout ratio is 52.02%.

Institutional Investors Weigh In On The RMR Group

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in The RMR Group by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,275,399 shares of the financial services provider’s stock valued at $55,793,000 after acquiring an additional 14,559 shares during the period. Wasatch Advisors LP increased its position in The RMR Group by 24.3% during the 4th quarter. Wasatch Advisors LP now owns 365,730 shares of the financial services provider’s stock valued at $10,325,000 after purchasing an additional 71,549 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of The RMR Group by 19.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,218 shares of the financial services provider’s stock worth $6,753,000 after purchasing an additional 39,270 shares during the period. UBS Group AG boosted its stake in shares of The RMR Group by 2.0% during the fourth quarter. UBS Group AG now owns 218,180 shares of the financial services provider’s stock valued at $6,159,000 after purchasing an additional 4,282 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings 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 valued at $2,468,000 after buying an additional 23,321 shares during the period. 42.31% of the stock is owned by 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.