Stoneridge Investment Partners LLC Sells 6,915 Shares of The RMR Group Inc. (NASDAQ:RMR)

Stoneridge Investment Partners LLC decreased its holdings in The RMR Group Inc. (NASDAQ:RMR) by 40.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,226 shares of the financial services provider’s stock after selling 6,915 shares during the period. Stoneridge Investment Partners LLC’s holdings in The RMR Group were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in RMR. Unison Advisors LLC grew its stake in The RMR Group by 2.0% in the third quarter. Unison Advisors LLC now owns 21,492 shares of the financial services provider’s stock worth $545,000 after purchasing an additional 412 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of The RMR Group by 7.7% during the second quarter. Cubist Systematic Strategies LLC now owns 8,954 shares of the financial services provider’s stock valued at $202,000 after buying an additional 639 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of The RMR Group by 1.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 48,477 shares of the financial services provider’s stock valued at $1,096,000 after acquiring an additional 768 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of The RMR Group by 2.8% in the third quarter. Janney Montgomery Scott LLC now owns 30,102 shares of the financial services provider’s stock valued at $764,000 after acquiring an additional 817 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in The RMR Group by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,446 shares of the financial services provider’s stock worth $491,000 after acquiring an additional 830 shares during the period. 42.31% of the stock is owned by hedge funds and other institutional investors.

The RMR Group Stock Performance

NASDAQ RMR opened at $23.52 on Tuesday. The RMR Group Inc. has a one year low of $22.01 and a one year high of $28.82. The company has a market capitalization of $746.29 million, a price-to-earnings ratio of 15.68 and a beta of 1.26. The company’s 50-day simple moving average is $24.97 and its two-hundred day simple moving average is $24.23.

The RMR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.65%. The ex-dividend date of this dividend is Monday, October 28th. The RMR Group’s payout ratio is 120.00%.

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.