The RMR Group (NASDAQ:RMR) Hits New 12-Month Low – Here’s What Happened

The RMR Group Inc. (NASDAQ:RMR) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $16.56 and last traded at $16.57, with a volume of 23216 shares trading hands. The stock had previously closed at $16.96.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of The RMR Group from a “hold” rating to a “buy” rating in a research note on Tuesday.

The RMR Group Stock Performance

The company has a 50 day simple moving average of $18.15 and a 200-day simple moving average of $21.28. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $531.83 million, a price-to-earnings ratio of 12.56 and a beta of 1.19.

The RMR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 10.78%. The ex-dividend date of this dividend was Monday, January 27th. The RMR Group’s dividend payout ratio (DPR) is presently 135.34%.

Institutional Investors Weigh In On The RMR Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in The RMR Group during the 4th quarter worth approximately $63,000. SG Americas Securities LLC grew its position in The RMR Group by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider’s stock worth $141,000 after buying an additional 908 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in shares of The RMR Group by 252.2% during the fourth quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 5,800 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of The RMR Group by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 2,010 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in The RMR Group by 140.1% in the fourth quarter. Deutsche Bank AG now owns 13,515 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 7,885 shares in the last quarter. 42.31% of the stock is currently owned by institutional investors.

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.