The RMR Group Inc. (NASDAQ:RMR) Sees Significant Decline in Short Interest

The RMR Group Inc. (NASDAQ:RMR) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 161,500 shares, a drop of 23.2% from the November 30th total of 210,300 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average trading volume of 81,700 shares, the days-to-cover ratio is currently 2.0 days.

The RMR Group Stock Down 1.6 %

RMR opened at $20.49 on Friday. The firm has a market cap of $652.52 million, a price-to-earnings ratio of 15.07 and a beta of 1.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50-day simple moving average is $22.58 and its 200-day simple moving average is $23.82. The RMR Group has a twelve month low of $20.26 and a twelve month high of $28.82.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Monday, November 11th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. The firm had revenue of $212.30 million for the quarter, compared to the consensus estimate of $220.15 million. During the same period in the prior year, the company posted $0.48 earnings per share. Equities research analysts anticipate that The RMR Group will post 1.62 EPS for the current fiscal year.

The RMR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.80 annualized dividend and a yield of 8.78%. The RMR Group’s payout ratio is 132.35%.

Hedge Funds Weigh In On The RMR Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Garner Asset Management Corp lifted its position in The RMR Group by 14.8% during the 2nd quarter. Garner Asset Management Corp now owns 282,528 shares of the financial services provider’s stock worth $6,385,000 after buying an additional 36,369 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of The RMR Group by 4.7% in the second quarter. Federated Hermes Inc. now owns 527,826 shares of the financial services provider’s stock worth $11,929,000 after acquiring an additional 23,654 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of The RMR Group by 13.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,496 shares of the financial services provider’s stock worth $926,000 after purchasing an additional 4,390 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of The RMR Group by 2,439.0% during the third quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of The RMR Group by 40.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock valued at $20,946,000 after purchasing an additional 238,360 shares during the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

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.